Intel to Spin Off Networking Unit in Latest Streamlining Effort

Intel to spin off networking unit in latest streamlining effort

News The move comes as part of new CEO Lip-Bu Tan’s strategy to monetise “non-core assets” Intel is set to spin off its networking and communications business, Network and Edge Group (NEX), as a standalone entity. The plan was initially revealed in a memo to customers from NEX’s general manager Sachin Katti but was later confirmed by Intel spokespeople. “We plan to establish key elements of our Networking and Communications business as a stand-a…

Ailing Intel to Sell Network Biz in Frightener for Ericsson

After months of rumors, Intel has confirmed it plans to spin off and part-sell its network and edge business in a troubling development for network equipment makers.

Intel to Spin Off Network and Edge Group as Independent Silicon Firm - HostingJournalist.com

Intel has announced plans to spin off its Network and Edge Group (NEX) into a separate, independent company, as the semiconductor giant intensifies its strategic shift toward core operations and artificial intelligence.The news, shared with customers on Thursday via a letter authored by Sachin Katti - head of the NEX unit and Intel’s recently appointed Chief Technology and AI Officer - marks another step in Intel’s broader plan to streamline ope…