Intel confirms it will spin off its Network and Edge Group (NEX) as part of a massive restructuring under CEO Lip-Bu Tan to ...

Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...

On Thursday, Intel disclosed that it plans to reduce its headcount by 15% more this year in a bid to boost financial ...

Intel has announced plans to spin off its Network and Edge Group (NEX) into an independent company, as part of a broader restructuring initiative under CEO Lip-Bu Tan. In a memo sent to customers, ...

Intel (NASDAQ:INTC) to spin off its networking unit, seek strategic investors, and cut jobs amid restructuring.

INTEL is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new Chief Executive ...

Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.

Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 ...

Intel (INTC) is looking to spin off its networking unit as the struggling chipmaker moves to shed assets under the direction ...

Intel is planning to spin off its engine Networking and Edge Group as part of an ongoing company-wide effort to boost ...

The networking division, which develops advanced communication and network cards for data centers and AI, employs thousands ...

The decision to spin off the networking unit should come as little surprise. Intel’s new CEO Lip-Bu Tan, who took over the ...