Intel Capital on Tuesday announced
three new investments in Chinese startups. The corporate venture giant will invest $20 million in solar solutions manufacturer
Trony Solar Holdings Co. Ltd. and undisclosed amounts in electricity storage system maker
NP Holdings Ltd. and healthcare software provider Viewhigh. Intel Capital has funded dozens of Chinese startups over the past decade, and in April it launched its second
China Technology Fund with a $500 million investment.
The news follows comments made in Beijing by Intel Corp. chief executive Paul Otellini, who told reporters that a
massive restructuring launched in 2006 has positioned the company to weather the spreading financial storm. The restructuring reduced the work force by about 10% and was projected to save Intel $5 billion over two years. According to Reuters, Otellini says the chip giant remains
committed to investments in China and elsewhere. Otellini says that includes a $2.5 billion microchip plant set to open in China in 2010.
- Suzanne Stevens
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