Intel (INTC) Plans to Separate Networking and Communications Unit Into Stand-alone Company, Highlights Reuters
A technician soldering components for a semiconductor board.
This investment will result in Ericsson being a minority stakeholder in the newly spun-off networking and edge business, known as NEX, which has supplied chips to Ericsson for the radio access network hardware, reported Bloomberg. Intel Corporation (NASDAQ:INTC) is focused on strengthening its core product portfolio and the AI roadmap. Overall, the company sees opportunities to enhance its competitive position and improve profitability.
Intel Corporation (NASDAQ:INTC) has been making progress to simplify business, improve efficiency, and enhance execution. Such efforts are focused on reducing expenses, strengthening the balance sheet, optimizing the global footprint, along with concentrating resources on very important growth areas. Intel Corporation (NASDAQ:INTC) remains on track to achieve $17 billion non-GAAP operating expense target for FY 2025.
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Disclosure: None. This article is originally published at Insider Monkey.
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