Intel Capital and China Investment Corporation Announce Collaboration Agreement

NEWS HIGHLIGHTS

    --  Intel Capital and China Investment Corporation (CIC) announce strategic
        collaboration agreement
    --  Intel Capital and CIC dedicated to fostering global technology
        innovation

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Capital, Intel Corporation's global investment organization, and China Investment Corporation (CIC), China's sovereign wealth fund, today announced 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 Corporation believes that technology is critical to economic and societal growth," said Gao Xiqing, vice chairman, president and chief investment officer of the China Investment Corporation. "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 U.S. and China.

About Intel Capital

Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 38 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.

About China Investment Corporation

China Investment Corporation is an institutional investor. It is operated on a commercial basis, seeking long-term, risk-adjusted financial returns. For more information, please visit at www.china-inv.cn.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

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    Source: Intel

Released Feb 12, 2010 • 10:00 AM EST