Find the latest episode of "The Uncertain Hour" here. Listen

Intel commits $300 million to diversify tech ranks

Noel King Jan 7, 2015
HTML EMBED:
COPY
Intel CEO Brian Krzanich, right,  and employee Darryl Adams at this year's Consumer Electronics Show. (Ethan Miller/Getty Images)

Intel commits $300 million to diversify tech ranks

Noel King Jan 7, 2015
Intel CEO Brian Krzanich, right,  and employee Darryl Adams at this year's Consumer Electronics Show. (Ethan Miller/Getty Images)
HTML EMBED:
COPY

Intel CEO Brian Krzanich has pledged to spend $300 million to increase diversity within Intel and at other high-tech companies. Krzanich made the announcement Tuesday at the Consumer Electronics Show in Las Vegas. 

Women, African-Americans and Latinos have long been underrepresented in the technology industry, a challenge some attribute, in part, to fewer women and minorities earning degrees in engineering and computer science. Intel says it will reach out to historically black colleges and other minority-centered institutions, expand engineering scholarships and bolster mentoring programs.

The company has firm plans to hire more women and minorities in the next five years: Krzanich is tying executive compensation to the success of Intel’s diversity initiative.

How diverse are tech companies right now?

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.