Intel Corp., a once-dominant chipmaker striving to rejuvenate its business and finances, is set to transform its venture capital arm into an independent fund under a new identity.
The company will maintain its role as a key investor in the rebranded entity, as stated on Tuesday. With assets exceeding $5 billion, the division currently known as Intel Capital has made significant contributions to various businesses over the past three decades.
Renowned for its investments in technology aimed at advancing the personal computer and server industries, Intel’s venture arm has been instrumental in supporting companies like ASML Holding NV, Red Hat Inc., and VMware Inc.
This strategic shift announced recently aims to grant more autonomy to the unit, enabling it to secure funding from external sources while maintaining its strong industry presence.
2025-01-14 17:25:49
Original from finance.yahoo.com