Intel spins off Network and Edge computing groups in latest major company change

• Intel is looking for buyers of its Networking and Edge Group
• These areas accounted for 11% of Intel's total 2024 revenue
• The move comes as Intel layoffs continue to hit its workforce

Intel is planning to spin off its engine Networking and Edge Group as part of an ongoing company-wide effort to boost profitability.

The news was confirmed in an internal memo seen by CRN, authored by Sachin Katti, who has held a number of roles in Intel's Networking and Edge Group (NEX), including SVP, GM and CTO.

Although NEX will be spun off, Intel is set to remain a key investor, similar to its previous approach with Altera. That is, of course, if Intel is successful in finding a buyer.