WASHINGTON (AP) -- Intel and 24 venture-capital firms are planning to invest $3.5 billion over the next two years on U.S.-based technology companies to help create new jobs.
Intel Corp.'s CEO, Paul Otellini, announced the "Invest in America Alliance" in a speech Tuesday in Washington.
The program will target areas such as clean technology, information technology and biotechnology. It also includes a commitment by 17 major technology companies to boost their hiring of college graduates to make cutting-edge technologies.
