Intel is set to put forward US$200 million venture capital to invest in Chinese companies. The move is intended to encourage the development of new hardware, software and services in what is now seen as the world's largest emerging market. The fund will initially invest in firms developing new hardware, software and services related to cellular communications, broadband applications for consumers, but this mandate should later be widened. Similarly, Intel has announced that it will likely invest US$400 million to build a chip-making plant in India.