Intel Capital bungs $500 million at China
Ten year anniversary present
Tuesday, 8 April 2008, 15:09
INTEL'S MONEY MEN have invested half a billion US dollars in the Chinese tech market.
Snappily entitled the 'Intel Capital China Technology fund II', the cash injection will be used to finance investments in wireless broadband, technology, media and telecommunications companies as well as researching more energy-efficient use of resources.
The fund has invested in more than 70 companies throughout China and Hong Kong in the last ten years and this sizeable chunk of new change is more than twice the company's original investment.
Intel Capital has invested more than $7.5 billion in around 1,000 companies from 45 countries all over the globe. Of those 212 were either swallowed up or taken over by the chip-making giant. ยต
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Peanuts. The US Greed may cost the entire world some 945,000,000,000 dollars.
http://www.chinadaily.com.cn/world/2008-04/08/content_6600822.htm
to pacify Tibet.
Now, in addition to the asynchronous trade deals the US has with China, we have the number one processor maker in the world pouring cash on top of China.

Does China deserve it? The company blatantly suppresses its people and denies them the freedom of public dissent.

But, oh, wow, they sure are industrializing and shipping product! Let's give them the Olympic games! Let's give them stacks of cash and ask for nothing but tainted food and lead-laced toys in return!

Maybe... maybe the US is felating China because they are what we (I'm an American) aspire to be. Maybe the governments admires the way China keeps the jackboots at the throats of their people.

Bitter? Just a little.