Intel VC arm to expand China investments in 2012

-- Intel Corp.'s venture-capital arm Intel Capital plans to expand investment in China next year

-- Intel Capital President Arvind Sodhani says company's interests are multi-fold

-- Sodhani sees seismic shift to mobility

-- Company is monitoring China's attitude toward foreign investment

-- Intel Capital sees more technology innovation coming from Asia

BEIJING (MarketWatch) -- Intel Corp.'s INTC -0.04% venture-capital arm Intel Capital plans to expand investment in China next year as the company focuses on technologies related to mobile devices and a new generation of ultra-thin portable personal computers, an executive said Thursday.

Intel Capital President Arvind Sodhani said the company made 10 investments in China this year totaling more than $70 million--out of a combined $500 million globally--and expects that to grow next year. The company's interests are "multi-fold," he said, with emphasis now on cloud computing, software, hand-held devices, security and other products and services that fuel the growing ecosystem around mobile devices, according to a report in Market Watch.

"There is a seismic shift taking place to mobility," Sodhani said in an interview with The Wall Street Journal, as consumers increasingly carry multiple web-enabled devices, spurring demand for new products and services.  >>More here

SOURCE:   marketwatch.com