Intel is reportedly planning to sell $1bn worth of assets of its venture capital unit.

Citing people familiar with the matter, Bloomberg reported that the chipmaker is working with UBS Group on identifying buyers for some of the assets of Intel Capital.

The assets include interests in companies across the world, and Intel is reportedly open to divest the assets as a whole or divided by geography or sector.

The sale is anticipated to attract private equity companies that specialise in acquiring portfolios, known as secondaries firms. Intel declined to comment on the report.

Intel Capital was restructured earlier this year following the retirement of former President Arvind Sodhani, who had been with the company for 35 years.

Sodhani was replaced by Wendell Brooks, who headed Intel’s mergers and acquisitions, in a move the company said would unify its investment decisions.

Intel Capital was established in 1991 to manage corporate venture capital, global investment, mergers and acquisitions.

It makes equity investments in a range of technology startups and companies providing hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing.

Last year, Intel Capital invested $514m in 143 companies. The company has invested around $11.6bn in over 1,440 companies since its launch in 1991.

Intel Capital had 26 successful exits last year, including Virtustream, acquired for $1.2bn.

The company plans to continue investing at an annual pace of $300m to $500m, focused across the full spectrum of technologies where Intel excels.

In a blog post in February, Brooks said: "Our thesis is to invest in areas where Intel’s technology and other resources can make a difference to the portfolio company. First and foremost, we want to invest with companies that complement our business strategies.

"We also have a pathfinding objective, backing entrepreneurs who can create disruptive new possibilities."

The company has invested in over 12 different startups to help create the Intel RealSense technology.