Intel Capital, China Investment Corp. announce collaboration agreement

SANTA CLARA, USA: Intel Capital, Intel's global investment organization, and China Investment Corp. (CIC), China’s sovereign wealth fund, announced that they will work together to invest in technology innovation globally.

The agreement, intended to pair the resources of CIC with the technology expertise of Intel Capital, will identify and support strategic investments in pioneering companies across a wide array of technology sectors including cleantech, software and services, mobility and digital home.

“China Investment Corp. believes that technology is critical to economic and societal growth,” said Gao Xiqing, vice chairman, president and chief investment officer of the China Investment Corp. “We look forward to working with Intel Capital to identify the next generation of ground breaking technologies.”

“Intel Capital is committed to accelerating technology innovation and nurturing entrepreneurial leadership around the globe,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “This collaboration, combining the unique advantages of Intel Capital and CIC, will help drive the next generation of innovative technologies throughout the world.”

Under the agreement, CIC and Intel Capital will explore investments outside of China, combining resources to both evaluate potential investments and support companies in their next stages of development. While the scope of investment opportunities will be global, there will be cross border opportunities that will benefit both the US and China.