Intel plans $2 billion fund to invest in US companies:
US technology giant Intel Corp is planning to set up a $2 billion fund to invest in US companies, The Wall Street Journal said, citing people familiar with the matter.
Intel Capital, the investment arm of Intel Corp., said Wednesday that it will invest $$23 million in three Indian companies in areas ranging from online marketing to education.The investment comes as Intel's revenues are shrinking and the global credit crunch has made funding, even to relatively fast-growing countries like India, increasingly scarce.