Core Viewpoint - Intel is considering divesting its Networking and Edge Computing (NEX) business as part of a strategy under new CEO Pat Gelsinger, who aims to focus on the company's strongest areas: PC and data center chips [1][2]. Group 1: Business Strategy - The NEX business, previously significant, is now deemed less critical to Intel's core strategy, particularly in the context of competition from dominant players like Broadcom [2]. - Intel is exploring whether to collaborate with other companies or sell part of its stake in the NEX business, indicating a strategic reassessment of its business portfolio [2]. - Discussions regarding the potential sale of the NEX business are still in early stages, and Intel may consider alternatives to divestiture [2]. Group 2: Financial Performance - Intel has integrated NEX's financial data into its data center and PC business segments, ceasing to disclose NEX's performance separately [2]. - The revenue for the NEX business in 2024 is projected to be $5.8 billion [2]. - In April, Intel sold a majority stake in its Altera division to SilverLake for $4.46 billion as part of its business revitalization efforts [2][3]. Group 3: Market Position - Intel holds approximately 68% market share in the PC chip market and about 55% in the data center market [1]. - Despite the focus on core business areas, Intel has experienced a significant decline in market share within the data center and PC sectors [3].