Intel Capital CEO Summit Opens In Beijing
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BEIJING, June 14, 2005 - Intel Corporation is holding the sixth annual Intel Capital CEO Summit in Beijing, marking the first time the three-day conference is being held outside the United States. The event, sponsored by Intel Capital, the company's strategic investment program, reflects the increasingly global scope of Intel Capital's investment activities, as well as the importance of China as an economic and technology leader. "The Intel Capital CEO Summit is a great mechanism for providing our portfolio companies from around the world with the tools and sales opportunities to grow their businesses locally and globally, transforming innovation into marketable products and services," said Arvind Sodhani, Intel Capital president, during the conference's opening remarks. "Intel Capital taps its tremendous technology, marketing and business expertise to help its portfolio companies expand and innovate," he added. More than 400 people will attend the summit, including CEOs of Intel Capital portfolio companies, purchasing decision makers from Global 2000 companies, and government officials from about 20 countries. The summit offers an opportunity for these leaders and decision-makers to meet with many of China's local innovators and business people. In addition, Intel yesterday announced the establishment of a US$200 million venture capital fund to invest in Chinese technology companies developing innovative hardware, software and services. Intel Capital has been investing in China since 1998 and has provided capital to approximately 50 companies in mainland China and Hong Kong. "By holding this event in Beijing we are helping our portfolio companies to better understand emerging markets and business models, in order to develop additional new technologies and products," Sodhani said. "China represents a tremendous growth opportunity for the global technology industry," he added. "However, businesses should look beyond the country's purchasing power and view the country's innovators as potential worldwide suppliers." The Intel Capital CEO Summit will include keynote speeches from Chinese and global business and government leaders, and about 900 business development meetings between Intel Capital portfolio companies and Intel's customers. In addition, conference guests will visit local government, business and research institutions such as Tsinghua University, conduct factory tours at the Beijing Economic and Technological Development Area industrial park and research and development facilities at Raycom Technology Park, and visit local electronics malls and Internet cafes. Participants will also attend training classes and panel discussions on technology topics and growth opportunities. Notable speakers at the summit include Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, Ma Delun, assistant governor of the People's Bank of China; Liu Chuanzhi, president of Legend Holding Co. Ltd.; Wang Yan, Sina Corp CEO; Chen Tianqiao, Shanda CEO; Dong Defu, Techfaith chairman and CEO; Ambassador Charlene Barshefsky, Intel board member and former U.S. trade representative; Reed Hundt, Intel board member and former U.S. Federal Communications Commission chairman; and, Paul Otellini, Intel CEO. Intel Capital, Intel's venture investment program, focuses on making minority equity investments to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. Intel Capital has invested more than US$4 billion in approximately 1,000 companies in more than 30 countries since 1991. Since its inception, about 160 portfolio companies have been acquired by other companies and another 150 have gone public on various exchanges around the world. Intel Capital employs investment managers in about 25 countries worldwide. Last year alone, Intel Capital invested more than US$130 million in about 110 deals with approximately 40 percent of its investments made outside the United States. For more information, visit www.intel.com/capital.
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