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Intel alliance to invest $3.5 billion in U.S. tech

Feb 25, 2010, 08:02 (0 Talkback[s])
(Other stories by Lance Whitney)

"The head of Intel wants to see the U.S. more competitive and has proposed a $3.5 billion investment to help achieve that goal.

"Intel President and Chief Operating Officer Paul Otellini has announced plans for a new alliance to invest $3.5 billion in fledgling U.S. technology companies over the next two years.

"The Invest in America Alliance plans to supplement state and federal funds by investing in businesses and individuals working on innovative, new technologies. Led by Intel, other corporations, and venture capital firms, the alliance hopes to jump-start American competitiveness in the technology arena."

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