Get the latest tech news
Intel spins off its corporate venture arm, Intel Capital, into a standalone fund
Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an "anchor investor."
“The separation of Intel Capital 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,” David Zisner, Intel’s co-chief executive officer and chief financial officer, said in a statement. “This step supports our broader strategy to maximize the value of our assets while driving greater focus and efficiency across the business.” Altogether, Intel Capital has deployed more than $20 billion in cash across markets including North America, Western Europe, Israel, and Asia Pacific.
Or read this on TechCrunch