Investing in step with the times: Intel Capital plans to sell $ 1 billion worth of assets and invest in advanced technology


    Sources: barrons.com Intel's

    investment division plans to focus on the most promising areas of development. To reduce costs, the company can get rid of secondary assets. True, the topic was raised back in mid-2015, at the initiative of Brian Krzanich, who in May 2013 replaced Paul Otellini as Intel CEO. However, the matter did not go beyond conversations. Now we are talking about selling a small share of Intel assets in the amount of $ 1 billion, according to The Wall Street Journal, citing its own sources. Led by Otellini Intel Capital



    was one of the most active venture capital investors in the world. Since 1991, Intel Capital has invested more than $ 11.64 billion in 1,440 companies in 57 countries.

    In recent years, the market structure has changed dramatically: mobile devices have become more popular than traditional PCs, cloud technologies, corporate systems, information security tools, data centers and the Internet of things are playing an increasingly important role.

    The sale of secondary assets would allow Intel to redistribute funds and develop its business more actively in the regions most important for the corporation, including the USA and China.

    In 2014, Cloudera large data processing systemreceived $ 740 million from Intel Capital. The total investment amounted to $ 900 million, while Intel's share in Cloudera grew to 18%. Thanks to Intel, the company has become a leader in the Hadoop ecosystem . After the transaction, the development of Intel's own Hadoop product was discontinued.

    In August 2015 Intel has appeared at the head of a consortium of investors who put $ 100 million into the company Mirantis . The company sells cloud storage services based on OpenStack open technology. For the first time, Intel's venture capital division invested in Mirantis in 2013.

    Intel, whose processors are used in most modern servers, traditionally seeks to cooperate with software developers. As a result of this collaboration, products are created that then help boost Intel's technology sales.

    In July 2015, the corporation announced its intention to invest in a number of companies as part of the Cloud for All initiative. This is intended to help enterprise data centers compare with cloud services like Amazon Web Services ( AWS ) and Microsoft Azure .

    In the same year, Intel hired specialists from UBS to analyze the prospects of selling a number of assets in India, but then there were no results. The management of Intel Capital was undergoing serious personnel changes, and the transaction was considered untimely. Arvind Sodhani, president of the division, left the company. Wendell Brooks took his place. Sodhani has been with the company for 35 years, Bloomberg writes .

    In February, Wendell Brooks, the new president of the corporation, announced that Intel intends to continue investing $ 300-500 million each year in startups “across the entire spectrum of technological areas where Intel has strong positions.”

    Amid news of a possible sale, Intel stock quotes rose $ 0.51 to $ 31.76.

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