Intel Fund Adds Support For Wireless Efforts
Intel Communications Fund Adds Support For Wireless Efforts
Fund Increased to $500 Million for Investing in Companies Developing Networking and Communications Building Blocks and Solutions
AUCKLAND, Dec.6, 2000 - Intel Corporation today announced that the Intel Communications Fund will expand its charter to support Intel’s wireless communications and computing efforts along with Intel’s networking and communications strategies. The company also said that the fund would be expanded from US$200 million to US$500 million.
Craig Barrett, Intel president and chief executive officer, made the announcement at the Telecom Asia 2000 event in Hong Kong, where he delivered a keynote address.
The Intel Communications Fund was established in September 1999 to invest in companies developing networking and communications building blocks and technologies that are complementary to Intel® Internet Exchange Architecture and CT Media™ software. With the expansion, the fund has added wireless as an area of focus. In particular, the fund will support use of the Intel® Personal Internet Client Architecture (Intel® PCA) and the Intel® XScale™ microarchitecture for developing next-generation Internet access applications and devices. The Intel Communications Fund is managed by Intel Capital, Intel's strategic investment program.
“We have invested the majority of the original Intel Communications Fund through more than 40 investments in 10 countries on four continents in support of Intel’s communications strategies,” said Les Vadasz, executive vice president and president, Intel Capital. “We have been successful in building strategic relationships that enable the robust communications infrastructure that is driving the Internet economy.”-
“The expansion of the Intel Communications Fund to include these architectures is a logical extension to our existing focus,” said Ron Smith, vice president and general manager of Intel’s Wireless Communication and Computing Group. “With Intel XScale microarchitecture and Intel PCA, Intel is striving to make next-generation wireless access to the Internet a reality.”
Announced in September, Intel PCA defines specifications for building new wireless client solutions capable of processing advanced Internet applications such as those envisioned for next-generation, Internet-ready cell phones and handheld devices. Intel PCA features Intel XScale processing solutions with high performance and low power capabilities.
The Intel Communications Fund invests in companies developing a broad range of hardware and software building blocks for the Internet economy. The fund targets companies developing basic communications and semiconductor components and boards, real-time operating systems, software tools and utilities, protocol stacks, compatible communications applications and advanced hardware systems and building blocks. For more information about the fund, visit http://intel.com/capital/investment/icf.htm.
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