Overview

• Intel is exploring the potential sale of its networking and edge (NEX) business, which generated $5.8 billion in revenue in 2024.
• The move aligns with CEO Lip-Bu Tan's strategy to prioritize Intel's core strengths in PC and data center chip markets.
• Preliminary steps have included interviewing investment bankers to advise on the possible divestiture, though no formal sale process has begun.
• The NEX unit, which includes telecom and networking chip lines, is considered non-core due to shifting market priorities and competition from companies like Broadcom.
• This follows Intel's recent restructuring efforts, including the sale of a majority stake in its Altera unit to SilverLake for $4.46 billion in April 2025.