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, according to reporting to Reuters, as Tan seems to be to shed enterprise divisions that aren’t thought-about crucial. This unit builds makes chips for telecom gear and was liable for $5.8 billion of income in 2024.
Intel has began participating with potential patrons 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 needs the corporate to refocus on its core enterprise models — PCs and information middle chips. In March, Tan advised Intel’s prospects that the corporate would spin off its non-core belongings on the firm’s Intel Imaginative and prescient convention.
TechCrunch has reached out to Intel for extra data.