By Rishi Iyengar
January 7, 2015

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]

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

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