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Wan LixinOpinion deputy editor of Shanghai Daily
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Intel’s startup funding
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INTEL Corp said yesterday that it will invest US$38 million from its Intel Capital fund in 12 startups globally, including two Chinese firms.
The funds will be ploughed into devices and services for seniors and disabled individuals, advanced audio for 360-degree virtual reality systems, data, connectivity and human-like vision systems for connected cars.
The two Chinese startups are Shanghai-based Grand Chip Microelectronics which offers Wi-Fi components for high-speed connection among Internet of Things devices, and Jiangsu-based Eazytec, a smart city developer and service provider.
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