Intel Buys Minority Stake in Think3

Intel Corp., the world’s largest computer chip maker, bought an undisclosed minority stake in Think3 Inc., the closely held maker of computer-aided design software said. Think3, formerly known as Cad.Lab, also said it secured $17.5 million in funding through Robertson, Stephens & Co.’s Omega Ventures. Think3’s software designs objects, from home appliances and engine parts to children’s safety products and custom cars. Its customers include a division of motorcycle maker Harley-Davidson Inc. and auto maker DaimlerChrysler. Intel has been working with Think3 to improve the software’s performance on computers that run on Intel chips. Both companies are based in Santa Clara, Calif. Intel shares were unchanged at $125 on Nasdaq.