This'll be good for you, don't you worry, CFO tells venture fund while pulling back the sling Stricken silicon giant Intel has decided it doesn’t want to be the sole investor in its venture capital operation,

Intel Corp. said today that its venture capital arm Intel Capital is being spun off into an independent entity, the latest move in a series of structural changes it’s making as

The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.

Intel, the chips maker that has fallen behind rivals AMD and Nvidia, is separating its venture capital arm into a stand-alone fund. It’s a small step, but shows the company is ready to shake things up under new management.

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

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 funds in Silicon Valley.