Intel makes U-turn: Cancels plan to sell networking division: Read company statement
Intel has reversed its plan to sell or spin off its Networking and Edge Group (NEX) division, stating that the unit is now best positioned to succeed internally. The company had initially sought to sell non-core assets like NEX to boost its finances amid struggles with rivals like TSMC and Samsung Electronics.
Intel has reversed its plan to sell or spin off its Networking and Edge Group (NEX) division, stating that the unit is now best positioned to succeed internally. The company had initially sought to sell non-core assets like NEX to boost its finances amid struggles with rivals like TSMC and Samsung Electronics.
