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Intel invests in Box as part of $40m spending spree

Spreads the cash
Wed Oct 03 2012, 13:04
An Intel logo on a piece of equipment

CHIPMAKER Intel has announced some investment deals, including one in cloud storage outfit Box and another in the Chinese advertising outfit UUCun.

Intel Capital, the chipmaker's division in charge of doling out cash to try to diversify the firm's revenue generation away from silicon, has been busy investing in a number of varied firms. Yesterday during a conference it announced 10 deals including investments in Box, UUCon and chip design firm Focaltech.

Intel did not disclose the financial terms of its investments, however Box has been generating a lot of interest as an enterprise digital locker service and is preparing a big event later this month. All Intel would say about its 10 investments was that they totalled close to $40m, which is pocket change for Chipzilla.

Focaltech is the closest to Intel's core semiconductor business, designing digital signal processor algorithms and mixed-signal circuits. Focaltech has shipped over 100 million capacitive touch panel controller circuits, and when it isn't flogging circuits Intel claims the firm is the world's largest bookseller.

Arvind Sodhani, president of Intel Capital said, "Business deals happen when Intel Capital brings together our vast global network with our portfolio company innovators. Our annual Global Summit and the ongoing Intel Capital Technology Days provide our portfolio companies with unmatched access to the decision-making executives critical to revenue-generating sales or partnerships. The 10 new investments in innovative companies announced today stand to benefit greatly from these long standing company-building resources."

Intel has been splashing the cash outside its core business for well over a decade, and while none of these investments are likely to change the main source of revenue for the firm on their own, they could help Intel weather future storms. µ

 

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