Intel's CEO announced its plans to gel with the venture-capital firms to encroach on billions of dollars into the upcoming technologies investments which could turn the face of the technology at its best in U. S.

But according to Otellini his group, trailing with the other techies, has pledged to hire from recent college pass outs in 2010 which is being considered a drastic move towards employment where many U. S. citizens are striving hard to cater for the jobs.

According to recent reports, Intel plans to shake hands with venture capitalist firms; which was staged to craft the "Invest in America Alliance", which is getting a continuous support from 24 major venture capitalist firms.

The members of the team have planned to pool out an investment of $3.5 billion in clean technology, information technology and biotechnology companies over approximately two years.