Intel CEO Lip-Bu Tan continues to consider ways to help the semiconductor giant refocus on its core business.
Intel is allegedly considering selling its networking and edge unit, according to reporting by Reuters, as Tan looks to shed business divisions that aren’t considered critical. This unit makes chips for telecom equipment and was responsible for $5.8 billion of revenue in 2024.
Intel has started engaging with potential buyers but has not launched a formal sales process, Reuters reported.
If Intel does end up pursuing a sale, it wouldn’t be surprising. Tan has made it clear that he wants the company to refocus on its core business units — PCs and data center chips. In March, Tan told Intel’s customers that the company would spin off its non-core assets at the company’s Intel Vision conference.
Intel declined to comment.
