Intel reverses course, opts not to spin out Intel Capital

The semiconductor giant Intel will not twist Intel capital after all.

During the INTEL Q1 profit, Intel CEO Lip-This Tan said that the company’s decision to spin the goal of the 34-year-old enterprise. Instead, the Intel capital will remain internally and will continue to invest in Intel’s interests.

“We should not decide to close the Intel capital, but to subscribe to our existing portfolio together, we have to start our balance and start the process of destroying this year,” Tan “said,” Tan “.

Intel’s plans for Intel Capital are a slightest change.

Intel was declared in January Intel capital would hit its own. Shortly after the announcement, Intel Capital VP and high-managing director Mark Rostick Techcrunch spoke The firm repeatedly considered yarn over the years.

“We thought we took the attention of our track record from foreign investors,” said Rostick Techcrunch. “We’ve seen it really good, even if we could not carry out the performances of many enterprises, we have succeeded a little success, so we felt we could place ourselves as a little seller.”

Negotiations on yarn were more serious last year – and was reported to be Support from Intel’s former CEO Pat Gelinger. The original plan was for Intel capital to be independent with the third quarter of this year; Intel would remain an investment partner.

Now, it seems like it will not come to pass.