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August 13, 2015

Intel says it is ahead of its workforce diversity target as it hires more women

43% of new staff are female or from under-represented minorities

By CBR Staff Writer

Intel has increased the pace of hiring under-represented minorities to increasing diversity in its workforce.

The chipmaker said that this year it has hired 1,035 women, 139 black people, 222 Hispanics and nine Native Americans.

Intel highlighted that 43.3% of its US hires in 2015 were women or under-represented minorities which is more than the anticipated 40% target.

Previously, the company said that in order to bridge the diversity gap it will spend $300m over the next five years and set a goal for "full representation" of women and under-represented minorities in its US workforce by 2020.

In an attempt to stay in line with its ambitions the company also increased its referral bonuses to up to $4,000 to encourage existing employees to broaden workforce demography through new hires.

The company like most Silicon Valley giants came under scrutiny for the lack of women and black employees in the company.

Company CEO Brian Krzanich said that he would invest start-ups run by minorities.

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Earlier this month, the company announced to invest $5m over the next five years to deepen its engineering pipeline partnership with the Georgia Institute of Technology.

The money will be used for research-driven solutions to inspire and retain women and underrepresented minorities to complete computer science and engineering degrees.

The initiative will benefit more than 1,000 students over the next five years through mentoring and access to research opportunities and scholarships.

Apple committed to extend $50m to non-profit organisations who will help bring workforce diversity in tech industry, and Google said previously that 21% of its tech hires last year were female.

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