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Technological innovations

Intel Establishes Global Headquarters for Channel Product Group in China

Strategic Insights

— 2 min read

Intel President and CEO Paul Otellini has announced the establishment of the global headquarters for the company's channel product group in China, marking the first time a United States microprocessor maker has set up its global headquarters in the country. This move is a significant milestone in Intel's expansion in the domestic market, which has become a crucial player in the global computer and telecommunications industry. China is the world's second-largest market for computers and the largest in terms of mobile phone users.

As part of its growth strategy, Intel has also partnered with media giant Shanghai Media Group (SMG) to develop solutions for the production of media content optimized for broadband delivery across three platforms: televisions, computers, and mobile phones. This partnership is expected to result in innovative technologies that will enhance the digital home experience. Furthermore, Intel has established a venture capital fund of $200 million exclusively for the Chinese market, focusing on Internet infrastructure companies, such as wireless broadband and consumer electronics, which are strategic areas for Intel.

Key Takeaways:

  • Intel will set up the global headquarters for its channel product group in China, marking the first time a United States microprocessor maker has established a global headquarters in the country.
  • China has become a key market for Intel, with the country being the world's second-largest market for computers and the largest in terms of mobile phone users.
  • Intel's partnership with Shanghai Media Group (SMG) will focus on developing solutions for media content optimized for broadband delivery across three platforms: televisions, computers, and mobile phones.
  • Intel has established a venture capital fund of $200 million exclusively for the Chinese market, targeting Internet infrastructure companies such as wireless broadband and consumer electronics.
  • Intel's venture capital arm, Intel Capital, has invested in over 50 Chinese companies since 1998.
  • Paul Otellini, Intel President and CEO, stated that "China has become fundamental to Intel's future."
  • Li Ruigang, President of SMG, emphasized that Intel's technologies will be helpful in their aim to become a service provider.

Statistics:

  • Intel has established a venture capital fund of $200 million exclusively for the Chinese market.
  • Intel's total venture capital investment was $130 million last year.
  • Intel Capital has invested in over 50 Chinese companies since 1998.
  • China is the world's second-largest market for computers.
  • China is the largest market in terms of mobile phone users.
  • Intel's platform strategy will be enhanced through the establishment of the channel product group headquarters in China.

Sources:

  • Xinhua International News Agency (XIC), 15-06 1526.

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