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.
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.
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