Intel to Invest $600 Million in WiMAX Startup

Intel Corp., the world’s biggest chip maker, said Wednesday its venture capital arm would invest $600 million in a wireless Internet services company as part of a $900 million deal that also includes Motorola.

Intel, which is trying to drive the adoption of a wireless technology known as WiMAX, said it would finance Clearwire Corp., which offers wireless Internet services in 200 cities in states nationwide. The investment represents the biggest for Intel Capital, which funds fledgling businesses that have the potential to accelerate demand for the personal-computer chips it sells.

By DAN GOODIN

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