Intel Is Spinning Off Its Network And Edge Group

Intel continues to streamline its business.

The institution plans to rotation disconnected its Network and Edge group, which is responsible for making chips for nan telecom industry, arsenic originally reported by CRN. Intel will beryllium an anchor investor successful nan standalone business and will activity extracurricular capital.

Intel was rumored to beryllium looking for a buyer for its Network and Edge group successful May. This business produced $5.8 cardinal successful gross successful 2024.

This strategy seems akin to nan company’s decision to rotation disconnected RealSense, its erstwhile stereoscopic imaging exertion business, earlier this month. Intel decided to rotation RealSense retired during erstwhile CEO Pat Gelsinger’s tenure and nan institution struck retired connected its ain pinch $50 cardinal successful task funding.

TechCrunch reached retired for much accusation astir its plans and timeline for nan spinout.