I like the part of the Brazil R&D article about increasing headcount. This Intel announcement hardly makes sense if Charlie was right.
Intel to Invest in Research and Development in Brazil
By VINOD SREEHARSHA
SAO PAULO – Intel plans to invest $152 million in Brazil over the next five years in research and development, the chip manufacturer said on Wednesday. In doing so, the company will partner with the Brazilian government, which has made increasing the country’s software output a top priority.
The direct investment will go toward increasing head count and resources internally but also paying for research at seven Brazilian universities, the president of Intel Brazil, Fernando Martins, told DealBook on Wednesday. Those in the initial group include Unicamp, the University of Sao Paulo and the University of Brasilia.