There is a lot of lip service given fixing Silicon Valley's diversity problem. But Intel CEO Brian Krzanich promised a bold move last week when he announced that his company was pledging $300 million to be used over the next three years to help eradicate the lack of diversity in the tech space.
Krzanich’s announcement addressed both his company’s internal diversity issue—Intel’s workforce is 76% male and just 4% black and 8% Latino—and the greater issue for Silicon Valley at large. He said, by funding engineering scholarships, supporting historically black colleges and universities and other means yet to be specified, that he hopes "to reach full representation at all levels" in the next five years. The actual number is undefined, he says it would represent a gender and racial breakdown equal to the number of qualified workers in the field.