Intel’s next major cut should take place in its Nex division, focused on developing network and computing Edge components. The core giant is looking for investors to turn the team into an independent company, just as it did with Altera recently.
This means that Intel would remain a great shareholder of the new company based on Nex, but not the majority. The group would continue to make their own decisions and without depending on the Intel coffers, which are being drained in recent times.
“Supported by Intel, this independent new company will position itself to accelerate its consumer strategy and product roadmap by innovating faster and investing in new offers,” said Sachin Katti, current Nex head and AI strategy leader at Intel.
Lip-BU Tan runs to Intel’s “Single Bleeding”
Investments still with no return in the chip manufacturing segment and stay behind the AI wave are some of the factors that have impaired Intel’s finances. His new CEO, Lip-BO Tan, has made a commitment to organize the company’s economies and prevent the boat from sinking, and its strategy for this has been aggressive staff and departments.
The information about passing to Nex later appears after the company reported the loss of another $ 2.9 billion in the last quarter a few days ago. And, as is well known, for giant companies in the stock market, this type of damage is often accompanied by a second blow, which is the devaluation of their assets. After his last financial report, Intel’s shares fell 8%.
More cuts will happen
The pace of cuts to save the core giant should continue for some time. It is difficult to predict which division will be the next to face Tan Machado, especially considering that even future processes and technologies of the company are safe.
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After betting so much in its 18th process, for example, Intel would even be considering canceling its next lithography in process 14a. Probably the decision will depend on your ability to get big customers for 18th technology, which makes your debut with the Panther Lake.
Via: Tom’s Hardware
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Source: https://www.adrenaline.com.br/intel/intel-vai-tornar-sua-divisao-nex-para-redes-e-edge-independente-como-fez-com-a-altera/
