Feb. 23 (Bloomberg) -- Intel Corp., the world’s largest chipmaker, and a group of about 20 venture capital firms will invest more than $3 billion in U.S. technology companies over the next two years, two people familiar with the matter said.
Intel Chief Executive Officer Paul Otellini will make the announcement during a speech today in Washington, the people said. They declined to be identified because the plan has not yet been made public. Nick Jacobs, a Singapore-based spokesman for Intel, declined to comment.
The chipmaker has an investment arm, Intel Capital, which takes stakes in companies that have technology that can be used to increase future processor sales. U.S. semiconductor companies including Intel have lobbied the government to raise standards in math and science education, increase funding for research at universities and cut corporate taxes to promote domestic investment.
To read the full, original article click on this link: Intel Said to Invest $3 Billion With Venture Firms (Update3) - BusinessWeek
Author: Ian King
