Intel to Spin Off Venture Capital Arm as Independent Firm
The move aims to enable Intel Capital to raise external funds while aligning with Intel's broader restructuring efforts.
- Intel announced plans to turn its venture capital arm, Intel Capital, into a standalone company by the second half of 2025.
- The new independent entity will retain its current team and adopt a new name, with Intel remaining as an anchor investor.
- Intel Capital, managing over $5 billion in assets, has invested more than $20 billion in 1,800 companies since its founding in 1991.
- The spin-off is part of Intel's broader strategy to streamline operations, cut costs, and refocus its business after significant financial losses and market share declines.
- Intel's restructuring also includes layoffs, spinning off other divisions like its foundry business, and exploring cash-raising opportunities through assets like Mobileye and Altera.