Intel to Spend $40 Million on Network of Research Centers

Santa Clara, Calif. -- Intel, the Santa Clara-based chip-making giant, said on Thursday it will invest more than $40 million over the next five years in a worldwide network of university research communities. The company said the network, to be called the Intel Collaborative Research Institutes (ICRI), is an outgrowth of its U.S.-based Intel Science and Technology Centers. Each institute -- the U.K.-based ICRI for Sustainable Connected Cities, the Germany-based ICRI for Secure Computing and the Israel-based ICRI for Computational Intelligence -- will have a specialized focus. The three will collaborate with their own multi-university communities and other ICRIs, as well as the U.S.-based Intel Science and Technology Centers. "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," said Justin Rattner, Intel's CTO.
http://newsroom.intel.com/community/intel_newsroom/blog/2012/05/24/intel-invests-more-than-40-million-in-worldwide-network-of-university-research-centers-to-drive-innovation