Auto Tech Is Target of Intel $100 Million Fund
When Intel wants to build or penetrate a market, it has a few favorite tricks–including putting up a hefty pot of money into start-ups that could become partners or supporters of its chip technology. The auto industry is the latest example.
The Silicon Valley company on Wednesday is announcing a $100 million venture capital fund to accelerate technology innovation in cars. Intel said it will also establish a product development center in Germany that will focus on the field.