TECH - Intel Capital's China Play A Concern For Washington: FT | Benzinga
Intel Capital, the venture arm of Intel Corp (NASDAQ:INTC), is standing out as a notable foreign investor in Chinese AI and semiconductor startups.
This comes as the $147 billion chipmaker is receiving major funding from Washington to compete technologically with Beijing.
Intel's involvement in Chinese tech, particularly AI, has raised national security concerns in the U.S.
Globally, the venture arm has deployed over $20 billion since the 1990s under the leadership of Anthony Lin in San Francisco.
Intel Capital has stakes in 43 China-based tech startups. Since its formation, the venture fund has invested in over 120 Chinese companies, reported Financial Times.
Earlier this year, Intel Capital participated in a $20 million fundraising for Shenzhen-based AI-Link, a 5G and cloud infrastructure firm ...