Intel could spend more than $300 million on diversity

Intel CEO Brian Krzanich announced his plans to spend $300 million to achieve a fully diverse workforce by 2020. Krzanich said the company's $300 million budget to increase diversity is just a start.

"It may end up being even more than that when we really get into this," he said. Intel also intends to increase diversity on its 11-member board of directors, which currently has two women on the board.