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Intel Spins Off NEX Division Amid $2.9B Loss & AI Pivot

Intel Spins Off NEX Division Amid .9B Loss & AI Pivot
Intel is spinning off its Network and Edge (NEX) division after posting a $2.9B loss, cutting 15% of its workforce, and pivoting to an AI-first strategy. The standalone NEX business will focus on networking and edge innovation, with Intel retaining an anchor investor role. The move underscores Intel’s restructuring to
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4 Pillars for Securing Private 5G, LTE and CBRS Cellular Networks
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