Intel takes lead in creating 'culture of investment'
Intel has announced a $3.5billion fund which it plans to invest in US technology companies over the next two years.
The investment includes a $200m technology fund by the company's investment arm, Intel Capital, which will be focused on information technology, biotechnology and 'clean' technology.
Chief executive Paul Otellini (pictured) made the at the Brookings Institution in Washington and added that Intel is part of a group of companies that have agreed to increase hiring of US college graduates, creating as many as 10,500 jobs in 2010. The group will also include Microsoft, Google, GEC, Hewlett Packard, Cisco Systems and Dell.
