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Intel Plans to Spin Off Its Networking Unit

· 2d · on MSN

Intel Plans to Spin Off Its Networking Unit as CEO Looks to Shed Assets

Intel is planning to spin off its networking unit as the struggling chipmaker looks to shed assets and cut costs under the direction of new CEO Lip-Bu Tan, according to a Friday report.

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Exclusive: Intel Reveals Plan To Spin Off Networking Business In Memo

Intel to spin off networking unit including 400 Israeli employees

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Read: Intel’s internal note to customers on spinning off its networking division

Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.

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Intel is 'breaking up'; to sell its networking division; read the note sent to customers

Intel is planning to spin off its Network and Edge Group (NEX) into a stand-alone company and is seeking strategic investors.

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