Intel Sinks $40 Million in 10 Tech Companies

A total of $40 million went to:

- content sharing platform Box
- content distributor Hungama.com
- chip designer Focaltech
- social radio Jelli
- social game company LIFO Interactive
- mobile proximity platform NewAer
- e-payment provider PagPop
- cloud services company Tier 3
- 3D game developer Transmension
- mobile advertising company UUCun

The announcement was made at the Intel Capital Global Summit, which reportedly hosts more than 1,000 Intel funded entrepreneurs. "Our annual Global Summit and the ongoing Intel Capital Technology Days provide our portfolio companies with unmatched access to the decision-making executives critical to revenue-generating sales or partnerships," said Intel capital president Arvind Sodhani in a statement. "The 10 new investments in innovative companies announced today stand to benefit greatly from these longstanding company-building resources."

Intel rarely benefits from its investments directly, but typically places its investments strategically to support its core businesses and support an increase in chip sales.

 

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13 comments
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  • A Bad Day
    Good to see that Intel doesn't take EA's style.

    Buy everything...

    Then destroy it.
    18
  • silverblue
    I'd prefer to see this as investing in the future of the industry than buying favour, but then again, I try not to be too cynical. :P
    11
  • memadmax
    winterludeIntel bought these companies to support their Ultrabook ecosystem.


    Dude... they didn't "buy" these companies, they invested in them...

    Kids these days...
    11
  • Other Comments
  • silverblue
    I'd prefer to see this as investing in the future of the industry than buying favour, but then again, I try not to be too cynical. :P
    11
  • A Bad Day
    Good to see that Intel doesn't take EA's style.

    Buy everything...

    Then destroy it.
    18
  • winterlude
    Intel bought these companies to support their Ultrabook ecosystem.
    -8