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

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's separation 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 Zinsner, Intel's interim co-chief executive officer and CFO.

This decision is part of a broader effort to streamline Intel’s operations, improve efficiency, and make the company more agile. While Intel will still be involved as an investor, this change will allow Intel Capital to grow on its own,

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

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.

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