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Intel to spin off networking unit including 400 Israeli employees
The networking division, which develops advanced communication and network cards for data centers and AI, employs thousands of employees, of which about 400 are in Israel, in the company's offices in Petah Tikva, Jerusalem and Haifa. One of Intel's vice presidents in Israel is the division's local development manager, Sharon Elmosnino-Almog.
Intel planning to spin off networking unit as new CEO Tan overhauls business
INTEL is planning to separate its networking and communications unit into a stand-alone company and has begun the process of identifying investors, the chipmaker said on Friday, as new Chief Executive Officer (CEO) Lip-Bu Tan looks to streamline its operations.
Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.
Intel is planning to spin off its Network and Edge Group (NEX) into a stand-alone company and is seeking strategic investors.
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