Sou Hu Cai Jing·2025-07-26 04:05Group 1 - Intel plans to spin off its Network and Edge (NEX) business into an independent company and is seeking external investors [1][3] - The NEX department primarily produces chips for telecommunications equipment, with projected revenue of $5.8 billion in 2024, accounting for 11% of Intel's total sales [1] - This spin-off is part of Intel's new CEO Pat Gelsinger's strategy to revitalize the company, which includes significant investment cuts, employee layoffs, and divesting non-core businesses [1][3] Group 2 - Sachin Katti, who has been leading the NEX department since early 2023, has been appointed as the Chief Technology and AI Officer, overseeing the company's AI strategy [3] - The goal of the NEX spin-off is to create an independent entity focused on providing leading silicon solutions for critical communications, enterprise networks, and Ethernet connectivity infrastructure [3] - Intel has also announced other restructuring measures, including a 15% workforce reduction and a more conservative approach to its foundry business [3]