Intel Capital Invests In Two Chinese Start-Ups As Part Of $38M Venture Funding Deal

Source: China Money Network on October 25, 2016 | Jillian Yue

Intel Capital has invested US $38 million in 12 technology start-ups globally, including two in China: a smart city developer Eazytec and a wi-fi front-end devices firm Grand Chip Microelectronics.

Eazytec is a smart city developer and service provider with headquarters and research park in Yixing City, Jiangsu province. The company specializes in application software and firmware development, system integration, and data center services.

Grand Chip Microelectronics, also known as Kangxi Communication Technologies, is a Shanghai-based firm making high-performance, high-linearity, and highly integrated wi-fi front-end devices for WLAN infrastructure, wireless connectivity on cellular platforms and the Internet of Things sectors.

"Innovation is exploding as the world transforms into an increasingly smart and connected place, where billions of devices will be made even smarter by intelligence in the cloud," said Wendell Brooks, Intel senior vice president and president of Intel Capital, in a statement.