While Intel led the chips sector for decades, it’s been on a rough road since the boom in technology spending during the Covid-19 pandemic. The stock is down almost 60% over the

Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an "anchor investor."

Intel’s interim co-chief executive, David Zinsner, said spinning off its venture arm was 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”.

Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name.

The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.

Intel has announced it will spin off its global venture capital arm Intel Capital into a standalone investment fund. The move is designed to bring the corporate structure of Intel Capital more in line with other venue capital firms, allowing the fund to raise money from external investors.

Intel Capital was set up 24 years ago. It has raised $5 billion and invested in over 1,800 early-stage companies in cloud computing, semiconductors, and end-user devices. The spin-off could cause shocks at portfolio companies, where Intel Capital is an anchor investor and has representatives on the companies’ boards of directors.

Intel announced plans to spin off Intel Capital, the company's venture capital arm, and transform it into an independent company. It is the latest in a

Intel announced plans to separate its VC arm into a standalone fund, giving it more autonomy and ability to attract external capital.

The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.