Intel Capital, the global investment and merger & acquisitions arm of Intel Corp, said it has started US $100 million fund that it will use to invest in various gadgets and devices in China.

The China Smart Device Innovation Fund, the third of its kind by Intel Capital in China, will invest in high-tech devices such as tablets, smart phones and other technologies in the country.

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China's smart devices, one of the best in the world, have been on the radar of international investors as Chinese manufacturers continue to expand their capabilities and global reach.

According to Arvin Sodhani, Intel Capital President, the investment is part of Intel's goal to accelerate the new technology ecosystem in China. He said the fund will invest in products such as tablets, mobile phones and personal computers to sensors and networks

Intel Capital will utilize the expertise of its investment professionals, who are based in Beijing, Shanghai and Hong Kong, to navigate through different channels in order to maximize its USD100m investment.

Since it started investing in the country in 1998, Intel Capital has poured a total of USD685m in more than 120 Chinese technology firms, with around 30 of the said firms already gone public or acquired by other firms.

The US$100m China Smart Device Innovation Fund is the third fund of its kind by Intel in China so far. Its predecessor, the Intel Capital China Technology Fund II focused on data center, cloud infrastructure, software and services, big data and manufacturing.

In February, Intel Capital Intel Corp announced that it has investment in Chinese big data and cloud computing firms through the Intel Capital China Technology Fund II.

Intel Capital said it has invested in Tianjin Zhongke BlueWhale, Wuxi China Cloud Technology Service and mobile marketing solutions provider Shanghai Yeapoo.