
As things get increasingly stickier here in the US. Just in case it hasn't penetrated your thick scull yet... The future is China... Forget what Bush and all the other political wankers tell you... Need proof? How about today's news that Intel, the world's largest computer-chip maker, formed a $500 million China fund to more than triple investments in companies in the world's biggest semiconductor market. Holdfast Online Technology and Newauto Video Technology will be among the businesses targeted by Intel Capital's China Technology Fund II, the chipmaker said in a statement in Beijing today. The previous China fund spent $200 million in more than 28 companies, Intel said. Intel, whose processors power three-quarters of the world's PC's boosted spending in the country as it seeks to gain a bigger share of the world's fastest-growing economy. Chip sales in China will surpass $28 billion in 2011, driven by demand for computing and consumer electronics, according to February estimates at research firm IDC."We want to foster innovation and entrepreneurship in China," Arvind Sodhani, president of Intel Capital, said at a briefing in Beijing today. Yeah... and tell that to the thousands you will shortly be laying off in the US and parts of Europe!
Did you sign your timesheet yet?







why dont try www.ecpod.com for a try . It is a nice platform for you to share mandarin materials
Posted by: lankwaifong | April 19, 2008 12:21 AM | Permalink to Comment