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Intel is spinning off its Network and Edge group
Intel will remain an anchor investor in the standalone company which produced $5.8 billion in revenue in 2024.
The company plans to spin off its Network and Edge group, which is responsible for making chips for the telecom industry, as originally reported by CRN. This strategy seems similar to the company’s decision to spin off RealSense, its former stereoscopic imaging technology business, earlier this month. Intel decided to spin RealSense out during former CEO Pat Gelsinger’s tenure and the company struck out on its own with $50 million in venture funding.
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