Intel does not have "budget limitations" for the Skolkovo projects, in Russia.

US-listed semiconductor company Intel has agreed an unlimited budget to help develop Russia’s equivalent of America’s Silicon Valley, its venture capital hub.

Intel said its corporate venturing unit would be able to finance and develop companies being developed at Skolkovo, outside of Moscow.

At the press conference signing the agreement to invest covered by newswire Reuters, Christian Morales, vice president and general manager of Intel Europe, Middle East and Africa, said: "From the Intel Capital standpoint, we have not…

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