The venture division of Intel Capital will gain independence and change its name

Like most large corporations in the technology sector, Intel pays special attention to venture capital investments, supporting promising third-party developments that may be useful to it in the future. As part of the upcoming restructuring, the core division of Intel Capital will receive almost complete independence and change its name.

Image Source: Intel

At the same time, the parent corporation Intel, as Bloomberg notes, will remain a key investor in the future investment fund created on the basis of Intel Capital. This subsidiary now manages more than $5 billion. Among other things, it once invested in the capital of the Chinese electric vehicle manufacturer Zeekr. Over the past three decades, Intel Capital has invested more than $20 billion in various companies. Traditionally, it has focused on areas of activity that were designed to contribute to the development of the personal computer and server infrastructure industries. At one time, Intel Capital also invested in ASML, Red Hat and VMware.

As an independent structure, Intel Capital will have more freedom in decision-making and will be able to attract additional funds from external sources. The separation of Intel Capital from the parent corporation will occur in the second half of 2025, at which time the venture division will begin operating under a new name. Until then, Intel Capital’s activities will continue as usual, and during the restructuring, the division’s team of employees will move to a new company.

admin

Share
Published by
admin

Recent Posts

Tesla has launched production of the new Model Y in Germany – Americans will be the last to receive it

Last week, Tesla not only introduced a restyled version of its most popular electric car,…

4 minutes ago

Promotional images of Samsung Galaxy S25 smartphones leaked online

Promotional images of smartphones from the flagship Samsung Galaxy S25 series have leaked onto the…

14 minutes ago

Microsoft is preparing another wave of layoffs – it will affect employees of different profiles

In 2024, Microsoft insisted that information security was its top priority, but that did not…

49 minutes ago

Geralt vs. the Kraken: Netflix showed the first full trailer for the anime “The Witcher: Call of the Deep”

In anticipation of the imminent release, streaming giant Netflix has released the first full trailer…

1 hour ago