Intel continues to streamline its business.
The company plans to shut down its network and edge group, which is responsible for creating chips for the telecom industry, as Originally reported by CRNIntel Standalone will be an anchor investor in the business and will look for outside capital.
Intel was Rumor to be in search of a buyer For its network and edge group in May. Produced this business $ 5.8 billion in revenue in 2024,
This strategy looks similar to the company Decision to spin RealsenseIts pre -stereoscopic imaging technology business, earlier this month. Intel decided to exclude RealSense during the tenure of former CEO Pat Gailinger and the company hit himself with $ 50 million in venture funding.
Techcrunch arrived for more information about his plans and timelines for spinout.
