Intel is spinning off its Network and Edge group

In a strategic move to refine its operations, Intel has announced plans to spin off its Network and Edge group, which specializes in producing chips for the telecommunications sector. This development was first reported by CRN and marks a significant shift in Intel's business strategy. As part of this transition, Intel will remain a key investor in the newly independent entity while also looking to attract external funding. Earlier this year, speculation arose that Intel was exploring potential buyers for its Network and Edge group, highlighting a growing trend towards divestiture within the company. In 2024, the Network and Edge group generated an impressive $5.8 billion in revenue, underscoring its importance within Intel's portfolio. This decision mirrors Intel's recent choice to separate its RealSense division, which focused on stereoscopic imaging technology. That spin-off occurred under the leadership of former CEO Pat Gelsinger and was initiated with a seed investment of $50 million. TechCrunch has reached out for further details regarding the timeline and specifics of the upcoming spinout, as Intel continues to reshape its business landscape.