Intel Pledges $300 Million to Boost Diversity

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Krzanich, CEO of Intel, talks about the company's RealSense camera technology at his keynote at the International Consumer Electronics show in Las Vegas
Brian Krzanich, CEO of Intel, talks about the company's RealSense camera technology at his keynote at the International Consumer Electronics show (CES) in Las Vegas, Nevada January 6, 2015.Rick Wilking—REUTERS
By Rishi Iyengar

Intel announced Tuesday that it will set aside $300 million to promote diversity within its ranks, aimed at combating criticism often leveled at a technology industry mainly comprised of white and Asian men.

The computer chip manufacturer also announced a plan to raise the population of women, blacks, Hispanics and other minority groups by 14% over the next five years, the New York Times reported.

“This is the right time to make a bold statement,” Intel CEO Brian Krzanich told the Times. Krzanich announced the plan at the ongoing International Consumer Electronics Show (CES) in Las Vegas.

[NYT]

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Write to Rishi Iyengar at rishi.iyengar@timeasia.com