Ericsson in Talks to Invest in Intel Standalone Network Business

Ericsson in Talks to Invest in Intel Standalone Network Business

The Swedish telecom equipment maker Ericsson AB is in talks to invest hundreds of millions of dollars in Intel Corp.’s networking infrastructure business, according to people familiar with the matter.

Ericsson mulls major investment in Intel network division

In early 2023, Ericsson announced that its future infrastructure will be built on Intel's next-generation Xeon processors.

Ericsson linked with Intel network unit investment

Ericsson is in talks with Intel over taking a minority stake worth hundreds of millions of dollars in the US company’s planned network and edge spin-off, Bloomberg reported. The news agency noted discussions were ongoing and may not materialise in a deal, while also highlighting Intel was in discussions with other companies over investing in the unit. In a statement to Bloomberg Intel did not name Ericsson specifically but said it had started th…

Intel news: networking unit spinoff, earnings uproar, AI snub

It’s been an eventful time for Intel after its earnings call and then news that the chip vendor is spinning off its Network and Edge Group (NEX) as a standalone business. Intel made no formal announcement on the spin-off, rather, the story was broken by a customer memo leaked to CRN. The NEX business covers networking silicon, Ethernet, and communications infrastructure. Intel intends to find strategic investors for NEX and will remain an “ancho…