Intel’s venture arm to boost Mideast investment
European division expects 50 percent of investments to be in emerging markets of the EMEA region by 2015.
March 16, 2010 7:15 by kippreport
The European division of Intel Corp.’s $2 billion venture capital arm expects 50 percent of its investments to be in the emerging markets of the EMEA region by 2015.
The unit plans to double the share of its investments in Africa, the Middle East, and eastern Europe to tap rising economic growth and innovation, according to a report by Bloomberg.
“Within EMEA, I’d be very confident saying we’ll have around 50 percent of our investment in the emerging geographies” five years from now, said the firm’s Ashish Patel.