Intel to Break Off VC Fund

<p><strong>SANTA CLARA<&sol;strong> &&num;8212&semi; Intel Corporation said it plans to separate Intel Capital&comma; its global venture capital arm&comma; into a standalone fund&period; The new fund will bring Intel Capital’s corporate structure into alignment with other leading venture firms&comma; enabling greater autonomy and the flexibility to attract external capital&period; Intel will remain an anchor investor in the new company&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The separation of Intel Capital is a win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership&comma;” said David Zinsner&comma; interim co-chief executive officer and chief financial officer of Intel&period; &OpenCurlyDoubleQuote;This step supports our broader strategy to maximize the value of our assets while driving greater focus and efficiency across the business&period;”<&sol;p>&NewLine;<p>Intel Capital&comma; established in 1991&comma; is one of the world’s leading corporate venture investors with over &dollar;5 billion in assets under management&period; For more than 30 years&comma; Intel Capital has invested in over 1&comma;800 companies and deployed more than &dollar;20 billion in capital&period; The firm has created over &dollar;170 billion in market value in the past 10 years alone by investing in early-stage startups across key areas shaping the future of compute&colon; silicon&comma; frontier&comma; devices and cloud&period;<&sol;p>&NewLine;<p>Standalone operations are expected to begin in the second half of 2025&comma; at which time Intel Capital will operate under a new name&period; The existing Intel Capital team will move to the new company&comma; and business operations will continue as normal throughout the transition&period;<&sol;p>&NewLine;