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

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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