The Intel semiconductor giant will not throw its arm to the undertaking, Intel Capital.
During the Thursday merger, Intel Q1 on Thursday, general director of Intel, Lip-Bu Tan said that the company reversed the decision to throw the 34-year-old arm of the undertaking. Instead, Intel Capital will remain internal and still invests for Intel’s interests.
“We decided not to turn Intel capital, but to cooperate with the team in order to earn our existing portfolio, at the same time more selective in the field of new investments that support the strategy to get a healthy balance and start the deletion process this year,” Tan said on the call.
This is a clear change in Intel’s Intel plans regarding Intel Capital.
Intel announced in January that Intel Capital intends to hit himself. Shortly after the announcement, the Vice President of Intel Capital and senior managing director Mark Rostick told Techcrunch that the company was considering repeated essay for years.
“We thought that our achievements deserve attention from external investors,” said Rostick Techcrunch. “We did really well, even though, you know, many Venture industries could not realize, we were successful, so we felt as if we could position ourselves as stare.”
Talks about overtaking became more serious last yr – and apparently I had EX-COO PAT GELSINGER INTEL support. The original plan was independent of Intel Capital to the third quarter of this yr; Intel will remain an investment partner.
It looks prefer it won’t end.