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Intel Capital, the chip maker's investment arm, added to its existing China-focused fund Tuesday with the creation of a second fund aimed at the country.
The $500 million Intel Capital China Technology Fund II will invest in Chinese companies across a range of sectors, including wireless broadband, media, and telecommunications, the company said, adding that the new fund has invested in two companies.
The new Intel fund invested in Holdfast Online Technology, which hosts third-party online and LAN-based games, and Newauto Video Technology, a provider of video equipment and integration services for Chinese television stations. Intel did not disclose the size of these investments.
Intel's first fund, the $200 million Intel Capital Technology Fund, was created in 2005 and is fully invested, the company said. The fund has invested in around 70 companies in China, including Hong Kong.
The new China fund represents a sizable chunk of Intel's new investments. Between January 2006 and September 2007, Intel Capital invested $1.58 billion, according to the company's Web site.
Intel Capital's total holdings were estimated to be worth $2.6 billion in September 2007.
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