Intel to spin off its enterprise capital arm

(Reuters) – Chipmaker Intel Corp (NASDAQ:INTC) stated on Tuesday that it’ll separate its enterprise capital and funding arm, Intel Capital, right into a standalone firm, to concentrate on enhancing effectivity throughout the enterprise.

Intel, which can stay an anchor investor, stated the standalone operations are anticipated to start within the second half of 2025 and may have a brand new title. The prevailing Intel Capital group will transfer to the brand new firm.

Intel Capital’s separation is a “win-win state of affairs because it offers the fund with entry to new sources of capital to develop its franchise whereas permitting each corporations to proceed benefiting from a productive long-term strategic partnership,” stated David Zinsner, Intel’s interim co-chief govt officer and CFO.

Established in 1991, Intel Capital has over $5 billion in property underneath administration and invests in corporations throughout 4 areas of the tech ecosystem: silicon, frontier, units and cloud.

Earlier at the moment, identification safety startup Orchid Safety stated it had raised $36 million in an early-stage funding spherical led by Intel Capital and Team8.