According to Intel Capital, the company's investment in start-ups in 2005 amounted to US$265 million, of which 67% was for overseas companies, up from 37% in 2004. China, India, and Russia accounted for the largest share of its foreign investment. In addition, 42% of the 140 deals which Intel Capital closed in 2005 were international deals, higher than 34% in the previous year. Intel Capital especially focused on WiMAX and Wi-Fi in looking for start-ups. The company also stated that the total value of investments dropped to US$1.13 billion from US$1.16 billion in 2004.