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 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’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”.

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

Intel Corporation INTC is planning to spin off its venture capital business, Intel Capital, into a standalone entity to enable greater autonomy from the parent company. The move is also intended to attract external capital and align Intel Capital’s corporate structure with that of other venture firms worldwide.

Intel Corp. said today that its venture capital arm Intel Capital is being spun off into an independent entity, the latest move in a series of structural changes it’s making as

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.

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.