CEO Lip-Bu Tan could shed the $5.8 billion NEX division as the chipmaker refocuses on its traditional strongholds.

Talks about the potential sale of the group, once called NEX in Intel’s financial results, are a part of CEO Lip-Bu Tan’s strategy to focus its tens of thousands of employees on areas in which it ...

Intel is considering a divestment of its Network and Edge Group (NEX) in an effort to streamline its strategy and focus on ...

Deutsche Bank resumed coverage of Intel (NASDAQ:INTC) with a Hold rating and a price target of $23 in a note Wednesday, noting cautious optimism about the company’s long-term potential under new CEO ...

At a dinner in Taiwan earlier this week, Intel CEO Lip-Bu Tan (pictured) said Intel wants to be humble. “We want to be humble ...

US-based tech giant Intel is considering divesting its networking and edge businesses, reported Reuters citing three sources ...

Reuters reported, citing people familiar with the matter, that Intel Corporation’s (NASDAQ:INTC) plans to divest its network ...

PC and data centre units safe as networking group faces chop Troubled Chipzilla is planning to offload its network and edge (NEX) division, sources as CEO Lip-Bu Tan sharpens the knife and gets ready ...

Intel faces ongoing growth headwinds in client and AI data center markets, losing shares to AMD and Nvidia. Click here to ...

Intel CEO Lip-Bu Tan wants the semiconductor company to refocus on its core business units: PCs and data center chips.

Intel’s chief financial officer clarified updates for the division behind Ohio’s Intel plant this month, including impending layoffs. Dave Zinsner, ...

Intel explores selling network and edge businesses to focus on PC and data center chips. CEO plans to build on core ...