Intel said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit.
"Keeping (the networking and communications unit) in-house enables tighter integration between silicon, software and systems, strengthening customer offerings across AI, data center, and edge," the company said in a statement.
Intel had explored plans to spin out the networking group, or NEX, earlier this year, Reuters reported. Intel was looking at the potential spin-out as part of CEO Lip-Bu Tan's plans to shave off non-core businesses.
https://finance.yahoo.com/news/intel-keep-networking-communications-unit-212334275.html
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