Intel’s spin off reversal puts Intel Capital at a crossroads

Lip-Bu Tan (Credit: Courtesy of Intel)

A public about-face always attracts attention—and that’s definitely the case with the curious saga of Intel Capital.

If you haven’t been following along: In January, Intel announced plans to spin off Intel Capital, its long-standing corporate venture arm. It wasn’t a Silicon Valley shock, but did signal the potential end of an era. The news came shortly after then-CEO Pat Gelsinger stepped down—reportedly pushed out—and during a leadership lull under interim co-CEOs David Zinsner and Michelle Johnston Holthaus.