US chip giant Intel just backed these three Chinese tech start-ups​

With US-China trade tensions showing no signs of easing and Washington now considering restricting Chinese scientists from taking part in sensitive American research projects over national security fears, the climate doesn’t seem right for fostering cross border investments in the tech sector.

Even so, investment interest in the sector remains high, according to chip giant Intel Corp, which on Tuesday announced that its investment arm Intel Capital has invested US$115 million in 12 start-ups, including three from China.

The start-ups focus on artificial intelligence, cloud service, Internet of Things (loT) and silicon technologies, according to a statement by Intel Capital.

“These innovative companies reflect Intel’s strategic focus as a data leader,” said Wendell Brooks, senior vice president of the company, adding that the potential of innovation has only scratched the surface, with the roll-out of 5G networks and improvements in AI poised to enable immersive, real-time experiences.

Intel’s past investments in China have included AI start-up Horizon Robotics, semiconductor developer Beijing UniSpreadtrum Technology, cloud platform Beijing AWCloud Software, and smartphone design manufacturer Huaqin Telecom Technology.