The fund will be used to invest in local companies developing technologies such as WiMax broadband infrastructure and mobile wireless software, as well as hardware, content, IT services and other software.
The goal is to stimulate the country’s tech appetite so that Intel can sell more of its products there. It’s a long-held strategy for Santa Clara, California-based Intel, which for years has said it sees significant revenue-growth potential in emerging markets around the world.
Since 1999, Intel has invested more than $35m in 13 companies in Brazil. Last year, it invested in local outfits Digitron, TelecomNet, Certsign and Neovia.
