View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 1, 1998


By CBR Staff Writer

Intel Corp’s venture capital investment plans for next year will see the company looking for investment possibilities further afield than ever before. The chip giant, already one of the world’s biggest IT investors, is eyeing VC targets in Europe and Asia. Nigel Grierson, corporate business development manager, could not confirm press reports that the firm will spend $500m on VC investments next year. However, Grierson confirmed that much more of the company’s investment budget would go overseas. Intel is looking at European investment opportunities in start-ups that specialize in GSM mobile networks, enterprise software and internet infrastructure – areas where the European IT sector is particularly strong. Intel’s approach to the Asia is more speculative. Grierson says that the company sees China as its strongest investment opportunity, he expects Chinese internet use to grow dramatically over the next year and Intel will be looking to capitalize on that growth. Grierson also said that the company was trying to work out a viable investment policy for the economically troubled Pacific Rim economies.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.