Intel is 'breaking up'; to sell its networking division; read the note sent to customers
Intel is set to spin off its Network and Edge Group (NEX) into a stand-alone company, seeking strategic investors to bolster its growth. This move, driven by CEO Lip-Bu Tan's streamlining efforts, aims to sharpen focus and accelerate innovation in networking and communications. Sachin Katti assures customers of seamless transition and improved service, with Intel remaining an anchor investor.
Intel is set to spin off its Network and Edge Group (NEX) into a stand-alone company, seeking strategic investors to bolster its growth. This move, driven by CEO Lip-Bu Tan's streamlining efforts, aims to sharpen focus and accelerate innovation in networking and communications. Sachin Katti assures customers of seamless transition and improved service, with Intel remaining an anchor investor.
