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Intel Spins Off Its Corporate Venture Arm, Intel Capital, Into a Standalone Fund
In a significant move, Intel has announced that it will be spinning off its corporate venture arm, Intel Capital, into an independent standalone fund. The decision is intended to provide greater autonomy and flexibility for the fund, allowing it to attract external capital and expand its investment scope.
According to Intel’s press release, this strategic partnership will benefit both parties. “The separation of Intel Capital is a win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership,” said David Zisner, Intel’s co-chief executive officer and chief financial officer.
Intel Capital, established in 1991, has amassed over $5 billion in assets under management. Over the past three decades, it has invested in more than 1,800 companies across various sectors, including silicon, devices, and cloud. The fund has deployed an impressive sum of $20 billion in capital to date.
This move is seen as a significant step towards Intel’s broader strategy to maximize the value of its assets while driving greater focus and efficiency across the business.
The spin-off is currently developing and will be updated with further information once available.
Source: techcrunch.com
