Menu
Intel, HP, IBM invest in effort to create jobs in US

Intel, HP, IBM invest in effort to create jobs in US

The investments are part of a public-private sector effort led by the White House

IBM, Intel and Hewlett-Packard on Monday said they would invest in an effort led by the White House to create jobs and promote growth in emerging technology areas such as cloud computing, health care and mobile applications.

The investment is part of the White House's Startup America campaign, a joint effort between the public and private sector that brings together companies to promote new business activities and spark growth in emerging technology sectors in the U.S., the companies said.

The investment dollars will go into the hands of companies seeking funds, which could lead to the creation of jobs, said Lisa Malloy, an Intel spokeswoman. The effort will include a board of advisers who will determine where the investments go with the aim to make the U.S. more competitive on a global scale, she said.

Intel will invest US$200 million, and the funds will go to startups and companies working on emerging technologies such as cloud computing, mobile video and gaming. IBM's $150 million campaign contribution will be used to educate and mentor businesses and software developers and promote software-related businesses. Hewlett-Packard did not announce a specific amount it is committing to the campaign, but said it will provide programs and resources necessary for startups and small businesses to develop drugs, clean technology, printing technology, mobile applications and cloud services.

Intel's investment is separate from a $100 million investment announced last week in U.S. universities over the next five years to drive research around multiple technology areas including graphics.

Intel and other venture capital firms last January committed to investing $3.5 billion in U.S. technology firms over the next two years, with companies including Google, Microsoft, eBay and Cisco stepping up efforts to hire U.S. college graduates. Intel at the time said it would invest $200 million over two years, and Malloy said the company fulfilled that commitment in less than a year.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesintelIBMHewlett-Packardpersonnel

Events

Why experience is the new battleground for partners

Join us for an exclusive webinar, in association with Hewlett Packard Enterprise and Technology Services Industry Association (TSIA) and learn about the latest industry insights and how technology services continue to evolve to deliver differentiated value, and how partners can be successful in 2021 and beyond.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments