Intel Corporation (NASDAQ:INTC) has announced that it will spend $125 million in companies which are run by women and underrepresented communities. This is a huge step, which is take by Intel Corporation (NASDAQ:INTC)’s diversity fund. In a program on CNBC, Intel CEO Brian Krzanich said that this step will help the company in future. He thinks that investing in different areas and getting a diverse workforce on board always add profits and value to the company.
Intel Corporation (NASDAQ:INTC)’s CEO gave the example of wearable devices, and said that adding a diversity in product and workspace will help Intel to make better products in the future. He didn’t address exactly how getting a diverse workforce helps when it comes to revenues and profits.
Intel Corporation (NASDAQ:INTC)’s latest investment is ten times greater than any such investment in the Silicon Valley. The latest step from Intel is making headlines. Many famous companies like Google and Facebook have been criticized in the past for not having much women in their workforce.
Intel Corporation (NASDAQ:INTC)’s Capital Vice President Lisa Lambert said that the latest investment from Intel Corporation (NASDAQ:INTC) gives a spotlight to work with diversity. Lisa said that there is already a perception about the tech industry that there are not enough women in it. She said that Intel has done such things in the past, but this kind of investment is unique of its sort.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).