Who knew that developing countries such as India and Bangladesh were a future goldmine for investors such as Intel, the world biggest chip manufacturer? The reason is that these countries have vast populations of potential computer users, and Intel’s chief executive, Paul Otellini wants a large piece of that action. Intel has recently announced a new initiative to build this market in developing countries, reports the Arizona Daily Star.
Intel’s approach includes increased access to low-cost PCs and placing more computers into the classrooms and cafes of the developing world. Intel plans to invest $1 billion over the next five years to seed the market—something they’ve been working on since 1996.
"It turns out we're not quite there yet, but we'll be there next year," Otellini said. "That next billion people are going to be in an economic strata that today doesn't have access to the PC."
Along with increased Internet access, Intel has also been developing a $400 mobile PC designed for the classroom. This PC will run Microsoft Windows or the free Linux operating system and offer standard features, including wireless Internet capabilities. Intel is also putting money into training millions of teachers in 35 countries and has vowed give schools 100,000 PCs over the next five years.