Intel announced on Tuesday that it will rename its internal investment fund and make it a distinct entity. This is the most recent in a slew of cost-cutting measures as the corporation looks to restructure its operations.
As it is now called, Intel Capital makes investments in startups and emerging sectors to promote the growth of new industries and technology, which may increase demand for Intel’s computer chips. It oversees a portfolio of over 170 companies with $5 billion in assets, mostly in the fields of cloud computing, electronics, and emerging semiconductor technology.
