Intel President and CEO Paul Otellini announced a $3.5 billion initiative to support investment in U.S.-based growth-oriented industries and detailed a commitment to significantly increase jobs available this year for recent college graduates. The initiative is supported by a wide range of leading US computer brands.
Otellini announced these initiatives in a speech titled «Rebuilding the Foundations of American Growth,» delivered at The Brookings Institution in Washington, D.C. The Invest in America Alliance, led by Intel and supported by many leading venture capital firms and corporations, aims to further anchor the nation’s competitiveness on the global stage.
The Alliance is a two-pronged effort. The first includes a commitment from Intel Capital, Intel Corporation’s global investment organization, and 24 leading venture capital firms to invest $3.5 billion in U.S.-based technology companies over the next 2 years.
Second, the Invest in America Alliance also includes commitments from 17 technology and other corporate leaders to increase their hiring of college graduates, some by as much as two times, to create the products and provide the services of tomorrow. Companies joining Intel in this pledge are Accenture, Adobe Systems Incorporated, Autodesk, Broadcom Corporation, CDW LLC., Cisco, Dell, eBay, Inc., EMC Corporation, GE, Google, Inc., HP, Liberty Mutual Group, Marvell Semiconductor Inc., Microsoft Corporation, and Yahoo!