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Intel, Network and Edge Group

Reuters on MSN · 2d

Intel to separate networking unit as new CEO Tan overhauls business

Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new CEO Lip-Bu Tan looks to streamline its operations.

TweakTown · 2h

Intel is spinning off its Network and Edge Group into a stand-alone business

Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 billion in revenue last year.

BW Businessworld · 22m

Intel To Spin Off Networking Division As Part Of Strategic Overhaul

Intel has announced plans to spin off its Network and Edge Group (NEX) into an independent company, as part of a broader restructuring initiative under CEO Lip-Bu Tan. In a memo sent to customers, Intel confirmed that it is seeking strategic investors for the business,

1hon MSN

Intel to cut 15% of its workforce amid a $2.9 billion Q2 loss. How to trade the chipmaker's stock now?

The Intel share is up just 2% for the year. It has lagged far behind rivals, as AI darling Nvidia has jumped 30% while AMD ...

22h

Intel CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance'

Intel CEO Lip-Bu Tan says the company is making hard but necessary decisions.NurPhoto/. Intel's second-quarter results ...

2don MSN

What is Lip-Bu Tan doing for Intel stock that’s different from Pat Gelsinger?

Intel Corp (NASDAQ: INTC) tanked nearly 10% on Friday even though the chipmaker, under its new chief executive Lip-Bu Tan, ...

12hon MSN

Ohio leaders respond to setbacks in Intel's project

Gov. Mike DeWine and the JobsOhio president responded to Intel's delayed Ohio plant, citing the chip industry's global ...

Apple reportedly evaluates Intel 14A process; Nvidia expresses interest in trial production

As US chip giant Intel CEO Lip-Bu Tan openly stated that the company may consider terminating its 14A process node plan if it ...

2d

'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned ...

2d

‘Hard but Necessary Decisions’ — Intel to Cut Jobs, Cancel Expansions

Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...

2d

Intel slides after CEO struggles to show turnaround on track

Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...

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