Intel is doing cloud business in China, announcing last week it has made its first storage investment in the major Asian economy.
The China Daily reports the company’s investment arm has signed an agreement with Chinese storage products and solutions provider United Information Technology (UIT) to develop its cloud computing capabilities but has not revealed the size of the investment.
Intel Capital Corp president Arvind Sodhani told the paper the company had a long-term business interest in UIT and the development of cloud and UIT’s cloud storage platform could help Intel set-up a cloud computing ecosystem.
Intel reportedly regards China as its second-largest investment target, after the United States.
“We will step up our investment in China and plan to complete 12 deals here this year,” Sodhani told the paper.
Intel China president Yang Xu revealed Intel was the only technology company joining a project called “open data centre”, established by large end-users including banks and insurance companies, China Mobile and China Life.
“More and more end-users have realised the importance of cloud computing and an open data environment, so they set up the alliance,” Yang told the paper. “Intel aims to be open and feels obliged to make a contribution to the project.”
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