Intel Is Offloading Venture Capital Unit as It Plays Catch-Up With Chip Rivals
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 to shed its venture capital arm in latest restructuring move
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 to Turn Venture Arm Into Separate Firm With New Name
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 to Separate Venture Capital Arm Into Standlone Investment Fund
The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.
Intel will spin off and rename its investment arm
Intel said Tuesday that it will turn its in-house investment fund into a separate organization with a new name, the latest in a series of steps to cut spending as the company seeks to overhaul its business.
Intel to spin off venture capital arm as chipmaker continues to restructure
Intel said on Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm
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."
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