Intel is spinning off its Network and Edge group
Intel continues its strategic efforts to streamline its expansive business operations. The technology giant has announced plans to spin off its Network and Edge group, a division primarily responsible for the development and manufacturing of chips crucial to the telecom industry.
The move, initially brought to light by CRN, signifies Intel’s commitment to optimizing its portfolio. As part of this new venture, Intel will maintain a significant role as an anchor investor in the newly independent entity, while also actively seeking external capital to fuel its growth and innovation.
This decision follows prior market speculation, with rumors emerging in May of Intel exploring a potential sale for its Network and Edge unit. The group has been a substantial contributor to Intel’s revenue, generating an impressive $5.8 billion in 2024 alone.
This strategic divestment mirrors Intel’s earlier decision to spin off RealSense, its advanced stereoscopic imaging technology business, which occurred earlier this month. Under the leadership of former CEO Pat Gelsinger, RealSense successfully transitioned into a stand-alone company, securing $50 million in venture funding to scale its specialized technology.
Further details regarding the timeline and complete scope of the Network and Edge group’s spin-off are anticipated, with TechCrunch reportedly reaching out to Intel for more comprehensive information on their plans.
