Intel Spins Off Network and Edge Group - News

Intel's Strategic Restructuring: Spinning Off Network and Edge Group

Intel is actively working to refine its core business operations. As part of this effort, the company intends to separate its Network and Edge group, the division dedicated to developing chips for the telecommunications sector.

This information was initially reported by CRN. Intel will maintain a significant stake in the newly independent entity as a leading investor and will also pursue additional external funding sources.

Financial Performance of the Network and Edge Group

Speculation regarding a potential sale of Intel’s Network and Edge group surfaced in May. The group generated a substantial $5.8 billion in revenue throughout 2024.

A Parallel to the RealSense Spin-Off

This strategic move mirrors Intel’s recent decision to spin off RealSense, its stereoscopic imaging technology business.

The RealSense spin-off was initiated under the leadership of former CEO Pat Gelsinger. The independent RealSense business subsequently secured $50 million in venture capital funding.

Seeking Further Details

TechCrunch has contacted Intel to request more detailed information regarding the spin-out plans and the projected timeline for completion.

The company’s actions demonstrate a commitment to focusing resources on its most promising areas of growth.