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 ...

US-based tech giant Intel is considering divesting its networking and edge businesses, reported Reuters citing three sources with knowledge of the matter. The move aligns with the strategy of ...

However, Intel has not yet started a formal deal process for the unit, and has not solicited bidders, the report added. In recent weeks, Intel has interviewed investment bankers to choose an ...

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 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 ...

Intel is allegedly considering selling its networking and edge unit, according to reporting by Reuters, as Tan looks to shed business divisions that aren't considered critical. This unit makes chips ...