Intel Weighs Networking and Edge Unit Sale – Verdict

Intel Eyes Divestment of $5.8B Networking Unit to Refocus on Core PC and Data Center Chips Under CEO Lip-Bu Tan

Intel’s exploration of a potential divestiture of its Network and Edge (NEX) unit marks a significant strategic shift for the semiconductor giant under the leadership of new CEO Lip-Bu Tan. According to multiple reports, including Reuters, the company is considering selling this division as part of broader efforts to refocus on its core competencies and improve financial performance. Strategic Refocusing Under New Leadership The potential sale o…

Intel weighs networking and edge unit sale – Verdict

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Intel eyes exit from NEX unit as focus shifts to core chip business

Intel (Nasdaq:INTC) is exploring the sale of its Network and Edge (NEX) business, marking the latest step in a broader effort to reshape the company under new CEO Lip-Bu Tan. The NEX division, once positioned as a pillar of Intel’s growth beyond its traditional markets, is now under review as Tan steers the company back toward its foundational strengths: PC and data center chips, reported Reuters, citing multiple sources familiar with internal d…

The crisis-ridden chip manufacturer Intel is considering the sale of the Network and Edge Group. Instead, the new CEO wants to focus on other areas.