Intel has announced plans to spin off its Network and Edge Group (NEX) into an independent company, as part of a broader restructuring initiative under CEO Lip-Bu Tan. In a memo sent to customers, ...

Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...

Intel confirms it will spin off its Network and Edge Group (NEX) as part of a massive restructuring under CEO Lip-Bu Tan to ...

Intel has announced plans to spin off its Network and Edge Group (NEX) as an independent company, continuing a wave of ...

Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...

SANTA CLARA, Calif. — Intel Corporation (NASDAQ: INTC), a titan of the semiconductor industry, is undergoing a seismic transformation as it grapples with financial losses, competitive pressures ...

Intel (NASDAQ:INTC) to spin off its networking unit, seek strategic investors, and cut jobs amid restructuring.

In 2024, Intel’s stock declined by 60%, and the company fell from first to second place on Gartner’s list of top global ...

There are no more blank checks,” says new Intel CEO Lip-Bu Tan, as the company slashes jobs, restructures operations, and ...

Tech giant Intel has announced plans to eliminate approximately 24,000 jobs—roughly 22–25 percent of its workforce—by the end ...