Intel sets up venture capital fund for China

"The fund will initially invest in companies concentrating on cellular communications, broadband applications for consumers and semiconductor design, but the focus will broaden over time. The companies, Intel hopes, will both increase the adoption of technology inside China and become exporters.
Intel Capital, now one of the largest VC firms in the world, seeks to get a return on its investments, but its primary objective is to jump-start companies that could help expand the number of places and ways computers are used. In the past, Intel has created specialized funds to help companies focusing on applications for its Itanium processor and consumer electronics. "

[Tech News on ZDNet]