Intel is spinning off its Network and Edge group

Intel, a leading semiconductor company, has announced plans to spin off its Network and Edge group as a standalone entity. This move aims to strengthen Intel's focus on its core business and capitalize on the growing demand for edge computing solutions. The new company, which is yet to be named, generated $5.8 billion in revenue in 2024 and will continue to have Intel as a major investor. This separation allows the Network and Edge group to operate with greater agility and autonomy, enabling it to better serve the evolving needs of the market. The decision reflects Intel's strategic shift towards areas such as artificial intelligence, cloud computing, and high-performance computing, where the company sees significant growth potential. By streamlining its operations, Intel aims to enhance its competitiveness and better position itself for future success in the rapidly changing technology landscape.