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Intel Heads U.S. Relief Effort
5:15 am in SOA Solutions by admin
In a speech at the Brookings Institution Tuesday CEO Paul Otellini said that Intel is going to put $200 million in a new “Invest in American Technology Fund.”
Twenty-four VCs have earmarked another $3.3 billion of not really new money for infusion into U.S. technology companies over the next two years targeting IT, green technology and biotechnology.
It’s meant to boost American competitiveness and create jobs.
Intel’s got commitments from Google, Microsoft, Dell, GE, Adobe, Yahoo, Autodesk, Accenture, Broadcom, Cisco and five other companies to create 10,500 new jobs this year and hire new college graduates.
