Intel spins off its corporate venture arm, Intel Capital, into a standalone fund

Company Strategy - Intel plans to spin off its corporate venture arm, Intel Capital, into a standalone fund with Intel as an "anchor investor" [1] - The move aims to provide greater autonomy and flexibility to attract external capital [1] - Intel expects Intel Capital to begin operating independently in the second half of 2025 and will be rebranded [1] - The separation is seen as a win-win scenario, allowing the fund to access new capital sources while maintaining a strategic partnership with Intel [2] - This step supports Intel's broader strategy to maximize asset value and drive greater focus and efficiency across the business [2] Historical Context - Intel Capital was established in 1991 under former Intel executive vice president Les Vadasz [2] - Its original mission was to support the development of Intel's ecosystem through equity investments in strategic companies [2] - Since 2014, Intel Capital has increased its investments in AI startups, including notable portfolio companies like SambaNova, AI21 Labs, Figure, and Anyscale [3] Operational Details - The existing Intel Capital team will move to the new fund, and business operations will continue as normal during the transition [4] - Intel Capital currently has over $5 billion in assets under management [5] - Over the last 30 years, Intel Capital has invested in more than 1,800 companies across sectors like silicon, 5G, devices, and cloud [5] - The fund has deployed more than $20 billion in cash across markets including North America, Western Europe, Israel, and Asia Pacific [5]