McAfee, an international cybersecurity provider, is now operating as a standalone company.
McAfee, which launched as an independent company 30 years ago, was acquired by Intel in 2010.
The new launch of McAfee marks the closing of an investment by Intel and private equity firm TPG, who valued McAfee at $4.2 billion. Another private equity firm, Thoma Bravo, joined as a minority investor.
Intel is retaining a 49 percent equity stake in the new company. Christopher Young, former general manager at Intel Security, was named CEO of McAfee. TPG Partner Bryan Taylor was appointed chairman of the board.
"We offer Chris Young and the McAfee team our full support as they establish themselves as one of the largest pure-play cybersecurity companies in the industry," said Intel CEO Brian Krzanich, adding Intel plans to continue to collaborate with McAfee. "Security remains important to Intel."