Intel Capital's changing of the guard has come to a close after a transition of more than seven months, culminating in the selection of interim chief Anthony Lin as head of chipmaking giant Intel's corporate venture arm.
- Lin's elevation to the post also comes as former Intel veteran Pat Gelsinger takes the reins as CEO of the company, returning to Intel after a stint leading software provider VMware.
- Lin, an Intel veteran since 2008, was tapped to fill the role last August following the departure of Wendell Brooks. Lin previously held dealmaking roles in Intel's M&A operations.
- An Intel spokeswoman declined to comment on whether there were external candidates for the position.
- In a letter to portfolio companies, Lin said Intel Capital deployed financing of over $735 million in 2020 and was lead investor on two-thirds of the venture rounds.