(Reuters) – Semiconductor maker Intel said on Tuesday it would spin off its venture capital and investment arm, Intel Capital, as a standalone company to focus on improving efficiency across its business.
Intel, which remains a major investor, said the standalone operation is expected to launch in the second half of 2025 and will have a new name. The existing Intel Capital team will move to the new company.
As of 1:45:14 PM ET. Market open.
The separation of Intel Capital “is a win-win situation for both companies as it allows them to continue to benefit from a long-term and productive strategic partnership, while providing the Fund with access to new sources of capital to expand its franchise.” “It’s a favorable scenario,” said Inter interim co-executive director David Zinsner. -Chief Executive Officer and CFO.
Founded in 1991, Intel Capital manages more than $5 billion in assets and invests in companies across four sectors of the technology ecosystem: Silicon, Frontier, Devices and Cloud.
Earlier today, identity security startup Orchid Security announced it has raised $36 million in an early-stage funding round led by Intel Capital and Team8.
(Reporting by Juby Babu in Mexico City; Editing by Alan Varona)
