Intel (INTC.US) confirms the divestiture of its networking communication business and targets investment mode replication of the Altera path.
According to the WiseMoney app, a memo shows that Intel (INTC.US) will be splitting its Network and Edge Division (NEX) and seeking external investments for this business unit. The document, written by NEX Division head Sachin Katti, has been confirmed by an Intel spokesperson.
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