Intel He continues to study options to get out of the crisis in which he is immersed, which goes through get rid of all or part of the areas that its CEO, Lip-Bu Tan, does not consider essential facing the future. Among these is The networks and Edge groupaccording to Reuters.
This business division is dedicated to the development of chips to integrate into telecommunications equipment, and in 2024 it obtained revenues of 5.8 billion dollars. Apparently, Intel has already begun conversations with potential buyers for her, but she has not yet initiated formal procedures to proceed with her sale.
For now, therefore, it is only talking with organizations that may be interested in reaching an agreement to absorb division. For now he has not asked for offers for her. What he has done, over the last weeks, is to meet with several investment banking entities, in order to choose counselors for now hypothetical sales process of their network group and Edge. He has not yet hired any.
In the event that the company activates them, and actively seeks the sale of the division, it will be no surprise for those who follow Intel’s drift under the mandate of Lip-Bu Tan. The manager has already made it clear that he wants the company to focus again on the areas considered critical and basic for it. Basically, in those related to PC chips and data centers.
In addition, he has personally confirmed that he was going to make Intel detach from his non -critical assets. This was assured to the company’s clients at the Intel Vision Conference, held during the month of March. A month ago he already sold most of the shares of the Silver Lake Fund. But also It will also reduce the company’s workforce in a significant waysince he prepares to fire about 21,000 people.
