February 23rd, 2010

Intel starts alliance to invest $3.5B fund in U.S. tech industries

In a kind of Marshall Plan for the U.S. tech economy, Intel said it is starting a $3.5 billion fund to invest in American tech companies.

The Invest in America Alliance was unveiled by Intel chief executive Paul Otellini in Washington, D.C., today as part of a speech outlining the need for a “culture of investment” in the United States. He delivered the speech at the Brookings Institution think tank as part of a plan to increase U.S. competitiveness in the global economy.

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