Reported about 13 hours ago
Intel Corp. is set to transform its venture capital division, Intel Capital, into a standalone firm with a new name, aiming to enhance its independence and capital-raising capabilities. With over $5 billion in assets and a history of significant investments in the tech sector, Intel will remain an anchor investor in the new entity. The transition is expected to commence in the latter half of 2025, coinciding with ongoing efforts by the chipmaker to streamline operations amid industry challenges.
Source: YAHOO