![](https://www.marketplace.org/wp-content/uploads/2015/01/intel_2.jpg?w=720)
Intel commits $300 million to diversify tech ranks
![](https://www.marketplace.org/wp-content/uploads/2015/01/intel_2.jpg?w=720)
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?
![](/sites/default/themes/marketplacev2Responsive/images/pixel.gif)
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.