Fund will be used to invest in Chinese companies that complement Intel's technology In a move intended to strengthen Intel’s commitment to China’s IT industry, the company announced Monday it has established a $200 million fund to invest in Chinese technology companies.The Intel Capital China Technology Fund will be used to invest in Chinese companies that complement Intel’s technology and will offer funding for these companies to further develop their own technologies and products, Intel said in a statement. The fund will be managed by Intel Capital, the company’s venture investment arm.The announcement of the fund was made during a visit to Beijing by Intel President and CEO (Chief Executive Officer) Paul Otellini to mark the 20th anniversary of the company’s operations in China. “Companies around the world should look beyond China’s purchasing power and view the country’s innovators as potential suppliers,” said Arvind Sodhani, president of Intel Capital, in a written statement.This is not the first time that Intel has sought out Chinese companies for investments. Since 1998, Intel has invested in about 50 companies in nine cities in mainland China and Hong Kong, the company said. Eleven of those companies have since gone public or been acquired, it said.Chinese companies that have received investments from Intel include: BCD Semiconductor Manufacturing, an analog power integrated circuit design and manufacturing company; Comlent Holdings, a radio frequency chip maker; HiSoft Technology International, a software outsourcing company; and Maipu Holdings, a router and networking equipment company. Intel Capital has invested around $4 billion in companies from 30 different countries since 1991, Intel said. DatabasesTechnology Industry