One World, One Intel

Even as Intel(INTC Quote) is moving to cut costs through one of its most radical corporate reorganizations in decades, the company is plowing cash into developing countries.

Santa Clara, Calif.-based Intel, the world's No.1 chipmaker, announced Tuesday that it will invest $1 billion over the next five years in a program meant to spur PC adoption in some of the world's most impoverished regions.

The effort, dubbed the World Ahead Program, is in keeping with other initiatives by tech companies seeking to find new sources of revenue while bridging the so-called digital divide that separates third-world residents from people in more economically-developed nations. And it comes a week after Intel CEO Paul Otellini flagged emerging economies as one of Intel's key growth initiatives going forward. ...