Intel makes U-turn, cancels plan to sell its networking division: Read chipmaker’s statement
Intel has reversed its decision to sell or spin off its Networking and Edge Group (NEX) division, opting instead to keep it as an internal unit. This U-turn comes after a financial boost from the US government, SoftBank, and Nvidia, leading the company to believe NEX is best positioned for success within Intel. The chipmaker had initially planned to divest non-core assets to improve its finances amidst competition.
https://timesofindia.indiatimes.com/technology/tech-news/intel-makes-u-turn-cancels-plan-to-sell-its-networking-division-read-chipmakers-statement/articleshow/125769743.cms