Intel Capital has invested at least $132m in 12 companies so far this year and is on its way to putting between $300m and $500m into startups by the end of 2020.

Intel Capital, the corporate venturing unit of semiconductor producer Intel, has invested at least $132m in a dozen technology companies this year.

The newly-reported companies joining Intel Capital’s portfolio are Axonne, Lilt, MemVerge, ProPlus Electronics, Retrace, SmileSnap, Spectrum Materials and Xsight Labs covering artificial intelligence (AI), autonomous computing and chip design as well as software.

The corporate had previously been reported for its investments in Anodot, Astera Labs, Hypersonix and KFBio but included them in its…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.