Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm.

Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

The chipmaker established Intel Capital in 1991, becoming one of the first large technology corporations to set up a dedicated venture capital arm.

Intel Capital on Tuesday said it will split off from its chipmaking parent, into a standalone investment fund. Why it matters: Intel Capital is one of the oldest and most active corporate venture ...

In January, Intel announced plans to spin off Intel Capital, the company’s corporate venture arm. Last week, Intel’s new CEO walked that decision back.

The new venture would operate Intel's foundries and TSMC would take 20% stake in the new company. Reportedly, Intel and unnamed other U.S. semiconductor companies would hold the rest of the shares.

Intel has announced plans to spin off its venture capital arm, Intel Capital, into a standalone fund with the chipmaker serving as an “anchor investor.” The transition, expected to complete in ...

(Reuters) - Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the ...