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May 29, 2012 10:32 am

Intel to Invest in Israeli Universities

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Intel stand at GSMA Barcelona 2008. Photo: wiki commons.

Intel Corporation (Nasdaq: INTC) plans to invest in computational intelligence projects at the Technion Institute of Technology in Haifa and the Hebrew University of Jerusalem as part of a $40 million global investment in leading innovation universities over the next five years.

The Intel Collaborative Research Institutes (ICRI) is funding “collaborative university research to fuel global innovation in key areas and help address some of today’s most challenging problems,” Intel CTO Justin Rattner said, according to Globes.

“Forming a multidisciplinary community of Intel, faculty and graduate student researchers from around the world will lead to fundamental breakthroughs in some of the most difficult and vexing areas of computing technology,” Rattner said.

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