AUSTIN, Texas, May 3, 2006 — The multiplying effects of computers, the Internet and education can double the reach of technology’s benefits worldwide in the next 5 years, Intel Corporation President and Chief Executive Officer Paul Otellini said today in a speech at the World Congress on Information Technology.

‘We’re close to achieving Andy Grove’s vision of a billion connected PCs — and the economic, social and personal gains that come with them,’ said Otellini, referring to the Intel co-founder and former CEO. ‘Our job now is to harness the combined potential of full-featured technology, high-speed connectivity and effective education to speed the gains for the next billion people — and the next billion after that.’

At the event in Austin, Otellini also gave the first public demonstration of a low-cost notebook PC for students in developing nations and announced a plan with the Mexican government to provide PCs to 300,000 teachers.

Read more about this story at Intel’s Pressroom.