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Intel Considers Sale of Networking, Edge Businesses
Mint New Delhi
|May 21, 2025
The company interviewed investment bankers to select an adviser for the sales process in recent weeks
Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive officer (CEO) does not see as crucial, three persons familiar with the matter said.
Talks about the potential sale of the group, once called NEX in Intel's financial results, are a part of CEO Lip-Bu Tan's strategy to focus its tens of thousands of employees on areas in which it has historically thrived: PC and data centre chips.
"That's something we're going to expand and build on," Tan told executives in Taipei on Monday at a celebration of Intel's 40th year, adding that the firm had a share of about 68% of the PC chip market and 55% of that for data centres.
This story is from the May 21, 2025 edition of Mint New Delhi.
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