Intel President and CEO Paul Otellini announced in Beijing Monday that Intel would invest 200 million US dollars to establish Intel Capital China Technology Fund to help drive innovation in China.

The investment would go to Chinese technology companies developing innovative hardware, software and services, Otellini said at Monday's ceremony celebrating Intel's 20 years in China.

The program would play a key part in Intel's efforts to stimulate local technology innovation, said Otellini. Since 1998, Intel has invested in over 50 Chinese companies to boost their technological innovation.

Intel would also double its efforts to educate teachers and students in China on using technology to enhance teaching and learning, said the president. Intel plans to train one million teachers and over 45 million students in the future three years.

Intel entered China in 1985 and now has 5,000 employees in the country. It has invested 1.3 billion US dollars in China in research & development facilities, microprocessor assembly and testing factories, education programs as well as innovative local companies.

Source: Xinhua