07:58 AM EDT, 07/16/2024 (MT Newswires) -- Intel's ( INTC ) venture capital arm has caught the White House's scrutiny as it appears to be one of the most active foreign investors in artificial intelligence and semiconductor start-ups in China, the Financial Times reported Tuesday.

Intel Capital owns shares in 43 technology start-ups based in China, including 16 AI start-ups and 15 in the semiconductor industry, FT said, citing an analysis of the chipmaker's portfolio. It has also invested in firms working on cloud services, electric vehicles, telecoms, virtual reality systems and batteries, according to the report.

The fund has continued to invest in new Chinese companies in the past year despite many American peers backing away from the market under pressure from US authorities, the report said.

The Biden administration is expected this year to finalize regulations that will curb US investments on Chinese technology that could have military purposes. Intel Capital's "investments were poster children that helped build consensus for the outbound restrictions," a person familiar with the US government's view of the rules was quoted saying in the FT report.

Intel Capital did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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