According to reports, Intel is planning to invest up to $3bn dollars in a US venture-capital fund that will assist technology start-ups.

Apparently Intel is discussing its investment plans with venture firms. The reports said that Intel chief executive Paul Otellini will make the announcement later today.

Otellini is speaking at the Brookings Institution at 10am in Washinton DC on how future economic growth can be established with a long-term strategic approach.

He will speak on rebuilding the foundations of America's growth based on investment in innovation, and through developing and engaging new talent, according to the Brookings Institution events agenda.

"In his remarks, Otellini will describe the need to create a culture of investment in the United States, including the role for American businesses to partner with the government in promoting education, innovation and the creation of new business opportunities in order to maintain a globally competitive economy," it said.

23 Feb 2010