Intel Capital Invests in Three Chinese Startups

May 15, 2020 0:03 pm

Beijing (PingWest)- Intel Capital, Intel Corp’s investment arm, said on May 13 that it has invested in three Chinese startups including two in the semiconductor sector, which is part of its latest investment for 11 chip companies worth USD132 million in total.

The three Chinese firms include Zhejiang province-based digital pathology systemmaker Konfoong Biotech International (KFBIO), Jinan-headquartered design automation company ProPlus Electronics, and Quanzhou-based semiconductor materials firm Spectrum Materials, Intel said, without disclosing the specific amount of investment.

Zhejiang based KFBIO builds pathology systems such as a scanner that ostensibly improves on traditional microscopes with digital capabilities and connectivity. Using a combination of big data, cloud computing, and AI, the company’s medical image processing tech scans and digitizes images to make them easier to share for remote consultations with experts.

ProPlus Electronics is an electronic design automation company that makes EDA software. The tool is widely used by the global chipmakers to design products before manufacturing them.

The leaders in the field like Cadence Design Systems and Mentor Graphics are all U.S companies.

ProPlus CEO Zhihong Liu was once a VP at Cadence Design Systems, while its senior executive director, Chenming Hu, once worked as the CTO of Taiwan Semiconductor Manufacturing.

Spectrum Materials, based in the southern Chinese province of Fujian, makes gases that are broadly used in semiconductor fabrication plants to manufacture physical chips.

Intel Capital, which launched in 1991, made a total of 1,588 investments prior to the announcement for three Chinese companies , according to Crunchbase data

“Intel Capital identifies and invests in disruptive startups that are working to improve the way we work and live. Each of our recent investments is pushing the boundaries in areas such as AI, data analytics, autonomous systems and semiconductor innovation,” said Wendell Brooks, Intel senior vice president and president of Intel Capital, in a statement.

Intel is one of the most prolific venture capital investors in the tech startup scenario of the world. Intel Capital has consistently invested in Chinese startups. In 2018 and 2019 it announced investments in two Chinese chip startups.