Jason Barton

Professional Information and Energy News

Intel Plans $2 Billion Investment Fund

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FEBRUARY 23, 2010, 9:22 A.M. ET

By DON CLARK

Intel Corp. is working with venture-capital firms to establish a $2 billion fund that would invest solely in U.S. companies, people familiar with the chip maker’s plans said.

The move comes a year after Intel said it would invest $7 billion over two years to upgrade capabilities of its U.S. chip factories. That investment plan was announced during a speech in Washington D.C. by Paul Otellini, Intel’s chief executive officer.

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Written by Jason

February 23rd, 2010 at 8:31 am