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Intel Launches Invest In America Alliance

Wednesday, February 24, 2010 5:03:00 AM PDT | VentureDeal Staff

Santa Clara, California -- Semiconductor technology company Intel announced a $3.5 billion initiative to support investment in US-based technology companies.

Called the Invest in America Alliance, it represents a two-pronged effort. The first prong includes a two-year, $3.5 billion effort between Intel and 24 leading venture capital firms to invest in US-based companies.

The second prong is commitments from 17 technology and other corporate leaders to increase their hiring of college graduates in the technology fields.

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