Intel says it will keep networking and communications unit

Core Viewpoint - Intel has decided to retain its networking and communications unit (NEX) after reviewing strategic options, indicating a shift in focus towards strengthening its core business rather than divesting assets [1][2]. Group 1: Strategic Decisions - Intel previously considered selling various assets to improve its financial position but has opted to keep the NEX unit, which is expected to enhance integration between silicon, software, and systems [1][2]. - The decision to retain NEX aligns with CEO Lip-Bu Tan's strategy to focus on core businesses and improve customer offerings in AI, data center, and edge markets [2][3]. Group 2: Financial Position - The company has significantly improved its cash position, aided by an $8.9 billion investment from the U.S. government for a 10% stake, along with additional investments of $2 billion from SoftBank Group and $5 billion from Nvidia [1][2]. - Following the announcement, Intel's stock experienced a slight decline of 0.3% in extended trading after a minor increase during the regular session [3].