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Intel will spin off and rename its investment arm

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Summary
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84% Informative

Intel Capital , as it’s now known, invests in young companies and industries.

It manages $5 billion in assets with a portfolio of about 170 companies.

Intel said it expects to spin off Intel Capital sometime in the second half of the year .

The fund's managers and employees will move to the new firm.

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89

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62

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semi-formal

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English

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62

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short-lived

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