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 Capital has $5 billion in assets and a portfolio of 170 companies. Intel says it will remain an "anchor investor."

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.

Intel said on Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm

Intel, which will remain an anchor investor, said the standalone operations are expected to begin in the second half of 2025 and will have a new name. The existing Intel Capital team will move to the new company.