Computer component manufacturer Intel is said to be weighing the sale of venture capital assets worth as much as $1 billion, Bloomberg reported.
According to Bloomberg sources, Intel is working with UBS Group AG to seek out potential buyers. The company is reportedly open to selling the assets as single unit or dividing them up for sale by sector or geographical region.
Last year, Intel Capital invested $514 million in 143 companies located in 30 countries across the globe, the company said in a February blog post. Those investments included a mix of new companies and follow-up investments, Intel said.
In the February post, Intel Capital president Wendell Brooks said the company was planning to keep up its pace of $300 million to $500 million in investments each year, with a focus on companies that complement Intel’s business strategies and where “Intel’s technology and other resources can make a difference to the portfolio company.”
Brooks also said Intel Capital was looking to “play a bigger role in sourcing deals.”
“I want to make Intel Capital the lead investor of choice across all stages of innovation,” Brooks wrote. “The dozens of investments we make each year at Intel Capital create far more than financial return — they bring to market the technologies that touch all of our lives.”