Now that Intel has signed a contract to get $7.865 billion in grants under the CHIPS and Science Act from the U.S. government, it cannot sell its Intel Foundry manufacturing unit and must maintain ...

In a securities filing, Intel said on Wednesday the subsidies require it to own at least 50.1% of Intel Foundry if the unit is separated ... running into change-in-control provisions.

Intel is exploring the idea of a sale because the businesses in its former NEX group no longer appear as relevant to the focus Tan has adopted for the company, said two of the sources. The unit ...

The unit which makes chips for telecom equipment will no longer help Intel’s core strategy, one source said. And Intel’s networking business too may be sold, because companies such as Broadcom ...

Intel has considered when and how to exit its NEX group and engaged third parties who may be interested in a deal, one of the sources familiar with the matter said. But it has not yet launched a ...