Intel has established a new venture capital fund that will invest $125 million in technology and will include underrepresented minorities in its leadership.
The company's latest endeavor is aimed at addressing the issues involved with the predominately male and white-dominated tech industry.
The venture capital field "is as homogeneous an industry as an industry can be in the 21st century," Lisa Lambert, who manages Intel's Diversity Equity Fund, told USA Today.
"Venture capitalists recruit partners out of their network and source deals out of their network. If you don't have diversity in the venture capital firms, you are very unlikely to get diversity in portfolio companies."
Intel has also made headlines for recent drops in operating profits, attributed to declining PC sales. Many analysts have predicted drops in growth for the industry, given the rise of popularity in tablet devices.
The company has also grabbed the attention of investors for its acquisition of Altera, a manufacturer of Programmable Logic Devices. Intel stock performed well following news of the deal.
Intel was founded in 1968 in California.
