Intel is planning to spin off its Network and Edge group, which creates chips for the telecom industry. This group generated $5.8 billion in revenue in 2024. Intel will act as an anchor investor in this new standalone entity while also pursuing outside capital. This decision reflects a broader trend within the company to focus on core operations, similar to the prior spin-off of RealSense, which occurred during the tenure of former CEO Pat Gelsinger.
Intel plans to spin off its Network and Edge group, which makes chips for the telecom industry, marking a significant shift in its business strategy.
The Network and Edge group produced $5.8 billion in revenue in 2024, indicating its substantial contribution to Intel's financial health.
The company will be an anchor investor in the new independent entity and will be seeking outside capital to support its growth.
This move resembles the earlier spin-off of RealSense, showcasing Intel's ongoing strategy to streamline its operations and focus on core areas.
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