Intel Corp. and Altera no longer in Talks.

The company puts its money on promoting diversity in its workplace.

Intel Corporation (INTC)’s shares saw a decline 0.64% during the current trading session on Thursday. Intel stock price is now being traded at $31.16. Along with this the takeover talks between the two companies; Intel Corporation and Altera Corp. are falling off as the tech companies couldn't come oin agreement on price.

Last month only, the company was stated to offer a deal which topped $10 billion to Altera. It  was reported that Intel offered Altera $50-per-share range. The company was found to be interested in the chip-making business of the manufacturer and seek to acquire it, but unfortunately the talks couldn't last more than a week according to the sources.

In an unprecedented move, the company earlier last month took a step to boost diversity in its workforce. Pledging $300 million to promote a diverse workplace and boost representation of minorities and women in the silicon manufacturer.

According to their CEO, the move is unprecedented and Intel wishes to lead by example in this area. Intel is aiming to have complete diversity in its workforce by 2020 in a drive towards greater equality. The CEO Brian Krzanich stated : "It's not good enough to say we value diversity and then under-represent women and minorities" He then went on to state that inclusion was something that would affect the industry positively as a whole and that Intel was more than willing to take the initiative on the topic with the announcement of the 2020 goal.

This would be made possible by Intel offering equal opportunities in an industry dominated by male professionals of Asian and Caucasian descent. With growing buying power amongst the relatively smaller Black and Hispanic communities, which are also expected to overtake the white population by 2044 in the US, technology companies are showing hesitance in adapting to the change in demographics and employing a more diverse population.

The investments will not only represent direct hiring by the company; investments will also be made to cultivate a better employed work force from the ground up. This would see investments made by Intel directly at a college and school level and increased university exposure to allow it to hire a workforce that is concentrated on equality. Of important note however, is that while Intel has committed to the program, it should not affect its long term financial goals and the CEO is willing to stake his claim on it, stating : "This isn't just good business. This is the right thing to do."