Core Viewpoint - Intel is planning to spin off its Network and Edge Computing (NEX) division as part of its ongoing efforts to enhance profitability, while still remaining a key investor in the new entity [2][3][4]. Group 1: Spin-off Details - The spin-off of the NEX division is confirmed by an internal memo from Sachin Katti, who has held multiple positions within the division [2]. - Intel aims to create an independent company from its network and communication business, similar to its previous collaboration with Altera, while seeking potential buyers [3][4]. Group 2: Financial Impact - In 2024, the NEX division generated approximately $5.8 billion in revenue, accounting for about 11% of Intel's total annual revenue of $53.1 billion [4]. Group 3: Leadership and Strategic Changes - This initiative is part of a broader transformation under the leadership of new CEO Lip-Bu Tan, who took office in early 2025 and has committed to significant changes within the company [4]. - The CEO has emphasized the need for necessary changes to restore Intel's reputation as a leading innovator in the industry [4].