Intel, VCs Investing $3.5 Billion In U.S. Tech

Wednesday Feb 24th 2010 by Staff

Intel has announced its own plan to boost the U.S. economy.

InformationWeek: Intel chief Paul Otellini has announced that the company plans to work with two dozen venture capital firms to invest $3.5 billion in technology start-ups. In addition, Intel and 17 other companies will increase their hiring of new college grads.

Both moves are part of the company's plan to boost the U.S. economy. "Strong, enduring economies grow out of a culture of investment and a commitment to innovation," Otellini said in a statement. "We simply must have a clear, consistent strategy to promote innovation, investment, and start-up companies. There are things business can do, and ought to do, independent of what government achieves."

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