Feeds

Intel sees little trouble in big China

Defies Meltdown with $20m solar play

Top 5 reasons to deploy VMware with Tegile

What does Intel's investment arm look like waving off the current economic gloom? A bit like it does when making new "cleantech" investments in China, laying down $20m funding for the solar energy kit provider, Trony Solar Holdings.

In fact, Intel Capital seems to plan on spending its way out of the financial meltdown.

"The world economy is in a very difficult position, but innovation is the way to help the companies out of financial crisis," said Cadol Cheung, managing director of Intel Capital in Asia Pacific told reporters. "Intel Capital is still committed to investing in innovative companies."

Shenzhen-based Trony makes solar curtain walls, power generation systems, solar cells, and other pieces of Sun-harvesting equipment. The firm plans to use the $20m to increase its production capacity to 105 megawatts in early 2009. It's currently capable of 35MW.

Intel Capital also agreed to invest in NP Holdings Limited – also headquartered in Shenzhen. NP Holdings makes massive electricity storage systems for renewable energy.

"These investments demonstrate Intel Capital's ongoing commitment to investing around the globe and its strategic focus on cleantech," said Arvind Sodhani, president of Intel Capital. "Clean technologies are transforming our world and the landscape of entrepreneurship."

Intel's third investment divulged today doesn't actually go with the "cleantech" theme, but it's in the same country. We'll give them half credit.

It also inked to fund Viewhigh, a software and service provider for China's health care industry. The company makes business management wares for hospitals and other health care institutions. We suppose high density graveyards make waste of many flowers – so there's your environmental angle.

Financial terms of Intel's investments in NP Holdings and Viewhigh were not disclosed.

Intel Capital said it's $500m second round of the China Technology Fund created in April has seen no visible slowdown in investments due to the global financial crisis, according to a report from Reuters.

Chipzilla's venture wing said it prefers to see investments from a 10-year outlook rather focusing on immediate economic concerns. About a third of it's total investments are located in Asia. ®

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.