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 the chips maker that has fallen behind rivals AMD and Nvidia is separating its venture capital arm into a stand-alone fund. Intel is unusual because it both designs chips and manufactures them.

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.