Intel Capital to Invest $40m in Cloud and Mobile Companies

Intel Corp.

Intel Corp.

Intel Capital, which is Intel Corp.’s global investment and M&A arm, announced that it would invest up to $40 million in 10 innovative technologies companies, including five from Asia. Intel Capital is currently involved in investing in approximately 300 technology startups from all over the world.

Intel Capital investment’s plans

The Intel Capital investment is aimed at helping technology startups to grow and develop, according to the company’s statement. The 13th annual Intel Capital Global Summit, where the statement was made, is an innovation-only event covering a range of technologies working in the cloud, delivering digital entertainment, enabling new devices interaction, etc.

Arvind Sodhani, president of Intel Capital, informed that the company would invest in 10 companies. Four of them focus on cloud-based products and services, 6 companies work on developing technologies for mobile devices. However financial terms of each investment contract were not disclosed.

Five of those companies, which will receive investment money from Intel Capital, are from Asia, including Indian Hungama.com, a digital entertainment company, South Korea-based LIFO Interactive, which is a social game developer, Chinese television-focused gaming service provider – Transmension, China-based UUCun, which is a mobile Internet ad platform connecting phone makers, app developers as well as advertisers, Taiwan-based FocalTech.

Intel Capital does not hide that the main goal of these investments is to increase the utilizations of company’s microprocessors by both clients and servers. Certainly all 10 companies, which were chosen by Intel Capital, had supported the company’s goal, according to Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp. In addition, he also has highlighted the fact that Intel Capital is an extremely patient investor which does not want make high profits in very short time by all means. For Intel Capital there is no pressure to get fast in and to get out even faster from investment.  Arvind Sodhani said at the summit: “Downturns come and go, innovation never stops. Investment is mother’s milk of innovation.”

Intel Corp.’s sales

Just in September, Intel Corp. cut it third-revenue forecast blaming declining demand for PC from corporate customers in a sluggish economy. However the company has noted that it does not expect any layoffs as the market will grow in 2013.

Intel Corp. informed on the 7th of September that the company’s third quarter sale would be $12.9 billion to $13.5 billion, from an earlier forecast of $13.8 billion to $14.8 billion. Analysts’ estimates expected sales of $14.2 billion. Certainly fewer orders in emerging markets and lower demand for chips used in business machines have not been expected by the company.

Some analysts speculate that we can even announce that Intel Corp. is dead as the PCs are dead. Yet the recent weakness in PCs market, which also significantly affected Intel Corp., is caused by potential buyers who have been waiting for the release of Windows 8. Therefore, the company believes that the year of 2013 will be much better and more profitable for Intel Corp.

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Leave a Reply

Your email address will not be published.

Recent Posts

The El Salvador Bitcoin City: Powered By a Volcano

The El Salvador Bitcoin City: Powered By a Volcano

Addressing the crowds at a promotional event for bitcoin, in the town of Mizata, Bukele assured his citizens that the Bitcoin city will have everything. “Residential areas, comme
13 hours ago
Why Do CEOs Swear? Because They’re Intelligent That’s Why

Why Do CEOs Swear? Because They’re Intelligent That’s Why

A 2015 study found that highly intelligent people are better at coming up with curse words as they have a greater vocabulary and are not afraid to use it. Timothy Jay, professor em
14 hours ago
Look Beneath The Surface For the Truth About Floating Solar Farms

Look Beneath The Surface For the Truth About Floating Solar Farms

As of 2021, India and China account for some of the biggest solar farms in the world. The two countries combined are home to six of the ten biggest floating solar farms in the worl
16 hours ago
Best Retirement Plans For Entrepreneurs While Inflation Soars

Best Retirement Plans For Entrepreneurs While Inflation Soars

As of 2021, over 150 million US workers identified themselves as self-employed. This means that they are responsible for their own retirement plans. Employees of big firms tend to
2 days ago
Fashion Designer Vera Wang – The Fairy Godmother All Brides Want

Fashion Designer Vera Wang – The Fairy Godmother All Brides Want

Just shy of her 40th birthday, Vera Wang struggled to find a bridal gown that suited her taste. Her father pointed out her struggles for what they really were – a remarkable busi
2 days ago
The Microsoft Employee Salary Hike: Peer Pressure In Tech

The Microsoft Employee Salary Hike: Peer Pressure In Tech

In the memo obtained by Geekwire, Nadella writes that he is aware of how much their talent is in demand. He appreciated their efforts in keeping the company running and thanked hi
2 days ago