Intel is to invest new funds in financing major US universities' research projects, as part of a stepped-up programme to back hi-tech projects.
A report in the 'New York Times' follows the news on the VNU Newswire that Intel is interested in funding start-ups here in the UK.
Intel's so-called Millennium project - officially named Technology for Education 2000 - will mean the University of California at Berkeley and 11 other US academic establishments will receive sums between $2.3 million and $6.2 million in grant form.
Last week, Howard High, head of corporate communications at Intel US, told VNU Newswire that Intel had half a billion dollars worldwide for funding innovative start-ups and projects that used Intel chips.
The news about Millennium is set to spark a stampede by UK academic organisations, desperate for an injection of funds. The US Embassy in London was deluged with calls last week after news of the start-ups programme.
According to the 'New York Times', Intel also wants to invest in the Czech Republic, with a view to building a fab there.
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