Intel Capital to Become Standalone Investment Fund

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan 14, 2025--

Intel Corporation (“Intel”) today announced its intention to separate Intel Capital, its global venture capital arm, into a standalone fund. The new fund will bring Intel Capital’s corporate structure into alignment with other leading venture firms, enabling greater autonomy and the flexibility to attract external capital. Intel will remain an anchor investor in the new company.

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“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,” said David Zinsner, interim co-chief executive officer and chief financial officer of Intel. “This step supports our broader strategy to maximize the value of our assets while driving greater focus and efficiency across the business.”

Intel Capital, established in 1991, is one of the world’s leading corporate venture investors with over $5 billion in assets under management. For more than 30 years, Intel Capital has invested in over 1,800 companies and deployed more than $20 billion in capital. The firm has created over $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: silicon, frontier, devices and cloud.

Standalone operations are expected to begin in the second half of 2025, at which time Intel Capital will operate under a new name. The existing Intel Capital team will move to the new company, and business operations will continue as normal throughout the transition.

Forward-Looking Statements

This press release contains forward-looking statements, including with respect to Intel’s intentions for its separation of Intel Capital into a standalone fund and the benefits thereof for Intel, that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including as a result of changed circumstances for Intel or Intel Capital that cause Intel to change its intentions, the ability of Intel Capital to operate independently and attract external capital, and other risks and uncertainties described in Intel’s 2023 Form 10-K and other filings with the SEC. All information in this statement reflects management's intentions and expectations as of the date of this statement, unless an earlier date is specified. We do not undertake, and expressly disclaim any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

About Intel Capital

Over three decades, Intel Capital has invested more than $20 billion in the future of compute, funding standout, early-stage startups across four key areas of the tech ecosystem: silicon, frontier, devices and cloud. Intel Capital-funded companies created more than $170 billion in market value in the past 10 years. For more information, visit www.intelcapital.com or follow @Intelcapital.

© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

Intel Corporation plans to separate Intel Capital, its global venture capital arm, into a standalone fund -- a move that would bring Intel Capital’s corporate structure into alignment with other leading venture firms. (Credit: Intel Corporation)

WASHINGTON (AP) — Alabama on Wednesday asked the Supreme Court to allow it to use a congressional map favoring Republicans in this year's elections, despite a lower court's ruling that the redistricting plan intentionally discriminates against Black people.

The state's Republican leadership filed an emergency appeal with the justices a day after a three-judge court refused to let the state use a map it adopted three years ago that has a majority Black population in just one of its seven congressional districts.

The judges instead required Alabama to continue using a court-ordered map that was put in place for the 2024 elections that includes two districts where Black residents comprise a majority or close to it.

Attorney General Steve Marshall told the court that the state did not intentionally discriminate against Black residents and should be allowed to hold elections this year under a map chosen by lawmakers, not judges.

The appeal is the latest development in the fallout from last month's Supreme Court ruling that struck down a Black-majority district in Louisiana and weakened the federal Voting Rights Act. That ruling has led Republicans in several Southern states, including Alabama, to take steps to reshape voting districts with large minority populations that have elected Democrats.

The redistricting frenzy is part of a broader push by President Donald Trump to try to hold on to Republicans’ slim House majority in the November elections.

The Alabama cases stretches back several years. The three-judge panel in 2023 ruled that a map drawn by Republican state lawmakers intentionally diluted the voting power of Black citizens. The court said the state, which is about 27% Black, should have two districts where Black voters are the majority or close to it. The court-selected map was used in 2024.

After the Supreme Court’s recent ruling in the Louisiana case, Alabama officials moved to implement the 2023 state-drawn map. The Supreme Court’s conservative majority agreed to lift the injunction that had blocked the map’s use and sent the case back to the three-judge panel for reconsideration in light of the Louisiana ruling.

In the meantime, voters cast ballots in Alabama’s May 19 primaries, and Republican Gov. Kay Ivey set new special primaries for Aug. 11 in four congressional districts affected by the map switch.

Upon further review, the judicial panel said it was standing behind its initial finding that there was “undisputed evidence” of intentional racial discrimination, a holding that was independent of and unaffected by the Supreme Court ruling on the Voting Rights Act.

It said the special congressional primaries should instead proceed under the previous court-approved districts.

The use of the court-ordered map led to the 2024 election of U.S. Rep. Shomari Figures, a Black Democrat. State Republicans are seeking to use a map that would give the GOP an opportunity to reclaim the south Alabama seat.

The state is asking for Supreme Court action by Monday as it makes preparations for the special vote in August.

This story has been corrected to show the Alabama primaries were May 19, not May 11.

Associated Press writer Kim Chandler contributed to this report from Montgomery, Ala.

Follow the AP’s coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.

FILE - Shomari Figures, who is running for Alabama's 2nd Congressional District, speaks during the Democratic National Convention, Aug. 22, 2024, in Chicago. (AP Photo/J. Scott Applewhite, File)

A statue titled the "Authority of Law" sits in front of the Supreme Court on Friday, May 15, 2026, in Washington. (AP Photo/Mariam Zuhaib)

The Supreme Court is seen in Washington, Monday, May 18, 2026. (AP Photo/J. Scott Applewhite)