The fund, a joint venture for Intel’s corporate venturing unit and its Intel Foundry Services subsidiary, will seek out startups developing novel semiconductor technologies.

US-based chipmaker Intel’s corporate venturing arm, Intel Capital, launched a $1bn investment vehicle with its semiconductor fabrication business, Intel Foundry Services (IFS), yesterday to foster an innovation ecosystem surrounding fab technology.

The fund will back early-stage developers of foundry-related technologies with the potential to help reduce the time to market for IFS’s customers, covering areas such as intellectual property (IP), software, innovative semiconductor architectures and advanced packaging.

IFS president Randhir Thakur said: “Intel is an innovation powerhouse, but we know…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.