Intel Corporation (INTC) to Invest $150M in Brazil: Report

Intel Corporation (NASDAQ:INTC), which is a popular stock play among equity hedge funds we track, has had a lot of financial success in Brazil, which is one of the dynamic emerging markets in the technology sector. Intel loves Brazil – the South American country is the No. 3 market for Intel products in the world. So it might be pretty darn logical to hear that Intel loves Brazil so much that it is considering paying the country back with some of its investment dollars.

It is being reported that Intel Corporation (NASDAQ:INTC) is about to embark on a five-year research and development initiative where the company plans to invest about $152 million in cooperation with the Brazilian government, which has made output of native software a high priority for the country’s economic development. Fernando Martins, chief of Intel Brazil, said the initiative is designed to improve resources and add to the local payroll as well as support research in seven Brazilian universities.

Intel Corporation (NASDAQ:INTC)Since 1999, Intel Corporation (NASDAQ:INTC) has been active in investment in the country, putting an estimated $100 million in about 25 businesses in the country, according to information from Intel Capital. This latest investment follows in the footsteps of other notable tech companies that are investing due to the rapid growth of the market and the burgeoning tech innovation incubators in the country. Microsoft Corporation (NASDAQ:MSFT) announced it was going to invest $102 million over four years, and Cisco Systems Inc. (NASDAQ:CSCO) announced a four-year investment of more than $500 million.

What do you think about the Brazilian market for tech companies? What do you think your return on investment should be if you were Intel Corporation (NASDAQ:INTC)? Let us know your thoughts in the comments section below.

DISCLOSURE: I own no positions in any stock mentioned.

Please see these related INTC articles:

Three Semiconductors That Pay Big Dividends

Will Warren Buffett Buy into Intel?

Intel is Still Off the Mark

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!