AfterDawn: Tech news

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

Written by James Delahunty @ 23 Feb 2010 2:55 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
  • 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

Previous Next  

1 user comment

125.2.2010 08:13

Hmmm, I smell a biological computer in the forthcoming decade

Comments have been disabled for this article.

Latest news

VLC hits milestone: over 5 billion downloads VLC hits milestone: over 5 billion downloads (16 Mar 2024 4:31)
VLC Media Player, the versatile video-software powerhouse, has achieved a remarkable feat: it has been downloaded over 5 billion times.
2 user comments
Sideloading apps to Android gets easier, as Google settles its lawsuit Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09)
Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier.
8 user comments
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments

News archive