Intel continues to streamline its business.
The company plans to postpone its network and Edge group, which is responsible for the production of chips for the telecommunications industry, as originally stated by CRN. Intel will be an anchor investor in a separate business and will look for capital.
It is said that Intel was looking for a buyer in May for his network and Edge group. In 2024, this company brought revenues of $ 5.8 billion.
This strategy seems to be similar to the company’s decisions to postpone Realsense, its train stereoscopic imaging technology, early this month. Intel decided to spin Realsense during the possession of PAT Gelsinger, and the company hit its own funding of $ 50 million.
TechCrunch addressed more information about his plans and timeline for Spineout.
(tagstranslate) Intel