Intel spearheading investment in future of US tech

Intel announced an initiative to invest $3.5 billion in US tech companies and spark job growth by hiring more college grads

Intel announced a new initiative aimed at growing the tech job market in the United States and jumpstarting innovation and investment in the tech sector. The Invest in America Alliance is committed to investing US$3.5 billion private-sector dollars in technology startups and new job creation.

In an Intel press release, Intel CEO Paul Ottelini is credited with saying "Strong, enduring economies grow out of a culture of investment and a commitment to innovation. We simply must have a clear, consistent strategy to promote innovation, investment and start-up companies. There are things business can do, and ought to do, independent of what government achieves."

Ottelini continued "It would be a long-term mistake to let our future scientists and engineers sit idle after graduation. Today's announcements are both an investment in the country's innovators and a signal to the global marketplace about America's commitment to innovation and future competitiveness."

With those principles in mind, Intel has marshaled the support of an array of investment and venture capital firms, as well as other tech companies like Microsoft, Cisco, Google, and Dell, to help take some of the heat off of Washington DC and invest in America's future.

There are two facets to the Invest in America Alliance. First, Intel Capital--the investment arm of Intel--has joined forces with 24 other venture capital firms and committed to investing $3.5 billion in U.S.-based technology companies over the next two years.

The second aspect of jumpstarting the tech industry is related to retaining our investment in educating the youth and ensuring college graduates can capitalize on the skills and knowledge they have obtained. Intel and a veritable who's who of the technology industry have agreed hire more college graduates--many promising to double the hiring rate from previous years, adding more than 10,000 jobs to the tech market.

With the economy just starting to show signs of recovery, and many of these companies in various states of contentious rivalry, if not litigation, it's nice to see some cooperation from the private sector for the greater good. Granted, that greater good is greatly influenced by a desire for self-preservation as well.

Richard Taylor, vice president and director of Human Resources for Intel, said "Many college graduates have been among the hardest hit by the economic downturn and providing them a place in the economy today is the best way to ensure America's innovation and competitiveness tomorrow."

The confidence in the future shown by this initiative will also have a trickle-down effect. The startups receiving investment from the Invest in America Alliance, and the thousands of additional college graduates landing employment will have repercussions impacting every other area of the economy as well.

Join the PC World newsletter!

Error: Please check your email address.

Tags America Alliancejob marketintel

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tony Bradley

PC World (US online)
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?