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

Written by James Delahunty (Google+) @ 23 Feb 2010 14:55 User comments (1)

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
  • 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

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1 user comment

125.2.2010 8:13

Hmmm, I smell a biological computer in the forthcoming decade

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