CHIPMAKER Intel has continued its spending spree, buying up firms it believes will eventually turn a profit.
Intel Capital, the investment arm of Intel charged with diversifying the firm's revenue sources, recently bought a Russian shoe shop and a mobile marketing outfit but now has turned its attention to investing in a trio of Chinese firms for a total of $22m. The firms in question are Shanghai BOCOM Intelligent Network Technologies Company, Beijing Joysee Technology Company and 6DXchange Inc.
Intel's investment in BOCOM makes some sense as the firm specialises in sensors and network monitoring, though given this is a Chinese firm, Reuters' description of it as "a digital security and surveillance company" is concerning. Beijing Joysee is a company that works on smart televisions, again something that Intel might well see itself being involved in, if it can ever get its Atom processor down below the 1W thermal design power envelope.
With 6DXchange Intel has shown once again that it has a penchant for fashion related activities, as the firm operates Yaodian100.com. The website is an online department store flogging everything from clothes to Ipads.
Arvind Sodhani, president of Intel Capital said that Intel will invest further in China this year and that six more Chinese companies will get cash injections from Intel. According to Sodhani, China "remains a critical part of the company's investment strategy". µ