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Intel said to plan USA-only investment fund

By Blake Ellis, staff reporter

NEW YORK (CNNMoney.com) -- Intel Corp. is planning a $2 billion fund with venture capital firms that would invest only in U.S. companies, according to a report published Tuesday.

The chip maker's investment unit is approaching venture capital firms about allocating funds toward U.S. companies, the Wall Street Journal said, citing people familiar with the matter.

Intel (INTC, Fortune 500) Chief Executive Officer Paul Otellini is scheduled to speak Tuesday at the Brookings Institution in Washington. The speech will describe "the need to create a culture of investment in the United States," according to the think tank's Web site. To top of page

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