Intel's CEO Lip-Bu Tan is looking to streamline the company's focus by potentially selling its networking and edge unit, which generated $5.8 billion in revenue in 2024. This step aligns with Tan's intent to concentrate on core operations, specifically PCs and data center chips. While Intel has begun discussions with potential buyers, no formal sales process is in place yet. Tan previously emphasized shedding non-core assets at the Intel Vision conference in March, indicative of his strategic approach to revitalize the semiconductor giant's focus.
Intel's CEO, Lip-Bu Tan, is actively exploring options to sort out the company's focus, potentially selling its networking and edge unit to streamline operations.
The networking and edge business contributed $5.8 billion to Intel's revenue in 2024, leading to speculations about its sale to prioritize essential product lines.
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