Intel (NASDAQ:INTC) has plans to invest $30 million for two ISTC to strengthen
cloud computing research. Intel (NASDAQ:INTC) Investing In Cloud Structure The
largest chip maker Intel (NASDAQ:INTC) is planning to invest $30 million to
strengthen their cloud and embedded computing research in five years. As part of
the plan, the company launched two Intel (NASDAQ:INTC) Science and Technology
Centers (ISTC) hosted at Carnegie Mellon University and has invited researchers
to submit their ideas. Justin Rattner, Intel (NASDAQ:INTC) chief technology
officer, said, These new ISTCs are expected to open amazing possibilities.
Imagine, for example, future cars equipped with embedded sensors and
microprocessors to constantly collect and analyze traffic and weather data. That
information could be shared and analyzed in the cloud so that drivers could be
provided with suggestions for quicker and safer routes". Intel Corp.
(NASDAQ:INTC) shares were at 20.9 at the end of the last days trading. Theres
been a -7.2% change in the stock price over the past 3 months. Intel Corp.
(NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.97 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.87 Zacks
Rank: 2 out of 7 in the industry
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