Intel says that it plans to spin off its corporate venture arm, Intel Capital, into a standalone fund, with Intel as an "anchor investor."

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’s interim co-chief executive, David Zinsner, said spinning off its venture arm was 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”.

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

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.

Intel announced plans to separate its VC arm into a standalone fund, giving it more autonomy and ability to attract external capital.

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

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)

Intel Capital's separation 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, Intel's interim co-chief executive officer and CFO.

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