IntelAnnounceThe company will split its venture capital arm, Intel Capital, into an independent company, and the split is expected to be completed in the second half of this year. Intel Capital will also adjust its company name subsequently.
However, even if it is separated from the Intel system, Intel will still be the main source of funds for Intel Capital.
Intel Capital was first established in 1991 and is responsible for managing Intel's assets of over US$50 billion. It invests in semiconductors, cutting-edge technologies, equipment and cloud computing. It is also one of the oldest and most active corporate venture capital funds in Silicon Valley. It has invested in more than 1800 companies across North America, Western Europe, Israel and the Asia-Pacific region, with a cumulative investment of over US$200 billion.
Regarding the announcement of the spin-off of Intel Capital into an independently operated company, Intel's interim co-CEO and CFO David Zinsner described it as a win-win strategy, allowing Intel Capital to obtain more external funding as an independent company while also allowing Intel to maintain its partnership as a major investor, thereby gaining access to the technology resources held by its investment company and maximizing investment returns.
Earlier, Intel faced the biggest loss since its founding. In addition to announcing the layoff of about 15000 employees, it alsoIntel Foundry to split wafer foundry business, and Altera, which is responsible for producing FPGA chips, holds a portion of the sharesWill also be soldThere are also rumors that it is interested in selling its majority stake in Mobileye, as well as its enterprise and cloud network businesses.
