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By Bolaji Ojo
Soon, the electronics world will be treated to a special news conference to be hosted by Intel Corp. When this event will take place is uncertain, but it will hopefully occur soon. What we are certain about is that it will be more consequential and involve more than what the semiconductor supplier announced this week.
Intel Capital is being set free, the company said. As an independent firm, Intel Capital “will have the flexibility to attract external capital,” the press statement noted.
That wasn’t the news anyone was expecting to hear from Intel, hence the flaccid market response. However, “this step supports our broader strategy to maximize the value of our assets while driving greater focus and efficiency across the business,” David Zinsner, interim co-CEO and CFO of Intel said, in a statement.