Intel-led group announced $3.5 billion investment in U.S. companies

Intel-led group announced $3.5 billion investment in U.S. companies
Intel Corporation and a group of 24 venture capital firms have announced an investment plan for companies in the United States. Venture capital firms including Advanced Technology Ventures, Braemar Energy Ventures and Bridgescale Partners will invest $3.5 billion in companies that develop promising technology in the United States.

Intel President Paul Otellini said that the firm would cough up $200 million itself toward the plan. "The members of this alliance have committed to invest $3.5 billion in promising clean technology, information technology and biotechnology companies over approximately two years," Otellini said in a speech at the Brookings Institution think tank.



Additionally, Intel also announced plans for it and other companies to double their hiring of college graduates in the country, creating more than 10,500 new jobs. Otellini estimated the total annual paychecks would total more than $1 billion.

The companies that have vowed to take on more college graduates are..
  • Adobe Systems Inc.
  • Autodesk Inc
  • Broadcom Corp
  • CDW LLC CDW.UL
  • Cisco Systems Inc.
  • Dell Inc.
  • eBay Inc
  • EMC Corp
  • General Electric Co
  • Google Inc
  • Hewlett-Packard Co
  • Intel Corporation
  • Liberty Mutual Group
  • Marvell Technology Group Ltd
  • Marvell Semiconductor
  • Microsoft Corp
  • Yahoo Inc


Written by: James Delahunty @ 23 Feb 2010 14:55
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  • 1 comment
  • Blessedon

    Hmmm, I smell a biological computer in the forthcoming decade

    25.2.2010 08:13 #1

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