Multinational giant, Intel Corporation, has decided to invest in Chinese technology startups and established companies.
An American multinational tech organization, Intel Corporation (NASDAQ:INTC), is looking forward to invest $67 million in eight Chinese companies. The investment strategy is made by the company to empower its history of investing money in different Chinese technology-based originating businesses.
The multinational equipment manufacturers have been regulating across the Chinese stomping grounds since 30 years. Throughout these years, the semiconductor company has invested around $2 billion in more than 140 businesses in China. Nevertheless, the wholesome amount of around $2 billion is distorted as Intel Corporation spent around $1 billion individually in Beijing UniSpreadtrum technology Ltd, the chip manufacturer, past year.
Regarding the new investment plan, the company has not disclosed its total figure of investments in various independent organizations. For the time being, it mentioned about its new plans regarding the investment in the companies, which regulate in considerable cycle of organizations, such as transportation, analytics, smart accessories, and Internet of Things.
Indicating each of its expending would empower its bottom line operations. It is expected this would take Intel stock going through the ceiling and put forward higher alliance against the difficult situations and its simultaneously improving modifications.
According to the sources, the world finest chipmaker’s financial hand for the company may invest the amount worth $67 million. The assurance regarding that investment plan will be announced at the time when Chinese President Xi Jinping will reach U.S. next week. President’s first visit to United States represents that Chinese tech companies are showing an incline.
The tech giant investment in China involves Ninebot – scooter startup that was supported by Xiaomi, the company that took over Segway, in early fiscal year 2015. The international financial investment subordinate of semiconductor giant is also cooperating with Telink in order to support it regarding its designing and constructing electronics items for Bluebank Communication Technology.
Ian Yang, the president of Intel China, regarded as the leader in the second largest economy in modification, permutation regarding international technology. Moreover, he also acknowledged about the stability of his country’s economy by saying that innovative and advance products, as well as financial investment in China, will also support the governmental exercises to bring improvement in the economy. The company will play an important role in order to stabilize China’s conditions and its devaluation of Yuan can restore its position.
The Chinese government is positive to move towards the path of prosperity and businesses are fueling this ambition.