Intel CEO Lip-Bu Tan continues to think about methods to assist semiconductor big refocus on its core enterprise.
Intel is allegedly contemplating promoting its networking and edge unit, in keeping with reporting to Reuters, as Tan seems to shed enterprise divisions that aren’t thought-about crucial. This unit builds makes chips for telecom tools and was accountable for $5.8 billion of income in 2024.
Intel has began participating with potential consumers however has not launched a proper gross sales course of, Reuters reported.
If Intel does find yourself pursuing a sale, it wouldn’t be shocking. Tan has made it clear that he desires the corporate to refocus on its core enterprise items — PCs and knowledge heart chips. In March, Tan instructed Intel’s clients that the corporate would spin off its non-core property on the firm’s Intel Imaginative and prescient convention.
Intel declined to remark.
