Intel is spinning off its Network and Edge group

Intel is continuing its business restructuring by planning to spin off its Network and Edge group, which develops chips for the telecommunications industry. The new entity will operate as a standalone business, with Intel remaining an anchor investor while also seeking additional outside capital. This move follows Intel's earlier decision to spin off its RealSense stereoscopic imaging technology business, which secured $50 million in venture funding and became independent during former CEO Pat Gelsinger’s tenure. The Network and Edge group had been a significant part of Intel’s operations, though specific financial details and the timeline for the spinout have not been fully disclosed. Intel’s strategy appears to focus on streamlining its core business and allowing specialized units to grow independently with targeted investment. Further details about the spinout’s plans and schedule are pending as Intel has yet to provide comprehensive information.