The world’s biggest chip maker won’t sell its Intel Capital strategic venture capital investments arm, as previously rumored. Intel was reportedly seeking $1 billion or more for its portfolio, but now it isn’t selling.
Wendell Brooks, the new president of Intel Capital, said in a blog post that the company will keep its portfolio, even as the rest of the company is proceeding with 12,000 job cuts.
Image: Above: Wendell Brooks, incoming president of Intel Capital. Image Credit: Dean Takahashi
