Intel spins off Network and Edge group as standalone business after posting $2.9b loss — seeking investors for NEX division amid massive internal restructuring
by editors@tomshardware.com (Hassam Nasir) from Latest from Tom's Hardware on (#6YXS4)
Intel will spin off its Network and Edge Group (NEX) into a standalone company, seeking external investors while keeping a minority stake. The move follows Intel's $2.9B quarterly loss, a 15% workforce cut, and warnings that its 14A node could be canceled without a major external partner.