CNET News.com: Merced gets its own venture fund May 7, 1999, 20 :35 UTC (0 Talkback[s]) (3815 reads) (Other stories by Stephen Shankland)
"Intel will unveil an investment fund of about $250 million Monday to spur
long-term adoption of its new 64-bit chip architecture, sources said
today."
"Contributors to the fund include Intel and 'most of the important system
vendors,' a list which likely includes Hewlett-Packard, Dell Computer, and
Compaq Computer, sources familiar with the plan said today."
"The fund is geared to encourage start-ups to build products around
the upcoming server and workstation chips as well as to encourage
established companies, such as Internet service providers and software
developers, to build products centered around the 'IA-64' bit
architecture."
"Although Intel invests in many companies as a way to further its
business, this fund is explicitly aimed at hardware and software companies
whose products will speed the revenue flow from the new 64-bit Intel
architecture."
