Intel plans to spin off its venture capital arm to gain more freedom and external funding.

Intel plans to spin off its venture capital arm, Intel Capital, into an independent company, aiming to give it greater freedom and the ability to raise funds from external investors. The restructured entity, holding over $5 billion in assets, will continue operations with the existing Intel Capital team and is scheduled to launch by mid-2025. This move comes as Intel faces industry challenges and seeks to cut costs.

2 months ago
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