Chip maker Intel and group of venture capital firms are planning to invest $3.5 billion over the next two years to support “U.S. technology” a broad term that also includes cleantech.
Intel, via an outfit known as the Invest in America Alliance, plans to cooperate with up to 24 venture capital firms to invest and support the development of U.S.-based technology.
Joining Intel in this investment effort with a patriotic twist are leading renewable energy-focused venture capital funds. They include: Kleiner Perkins Caufield & Byers, Khosla Ventures, Braemar Energy Ventures, Flywheel Ventures, Good Energies.
Part of these investments will be channeled via the newly formed $200 million Intel Capital Invest in America Technology Fund. See here to read the full press release.