Get all your news in one place.
100's of premium titles.
One app.
Start reading
MarketBeat
MarketBeat
Jeffrey Neal Johnson

Intel Refocuses: NEX Sale and Foundry Pivot Signal New Era

Intel Corporation NEX LipBu Tan IFS Intel Foundry Services Dave Zinsner MarketBeat

Recent developments at Intel Corporation (NASDAQ: INTC) suggest a quickening pace in its strategic overhaul under new CEO Lip-Bu Tan. Reports emerging around May 20, 2025, indicate the semiconductor sector giant may be actively exploring a sale of its Networking and Edge (NEX) business unit.

[content-module:CompanyOverview|NASDAQ:INTC]

This news closely followed comments from Intel's Chief Financial Officer, Dave Zinsner, around May 13th, who publicly reaffirmed the company's confidence in its Intel Foundry Services (IFS) division, reiterating a target for the unit to achieve break-even status by 2027. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Nearly Two in Three Students Who Vape Use Geek Bar as 1.44 Million U.S. Youth Report E-Cigarette Use
About 1.44 million U.S. students vape, and 64% of them use Geek Bar, a new 2025 youth survey analysis shows. Here is what parents should know now.
Medical Daily
Medical Daily
Kourtney Kardashian had fiery response to that viral Jennifer Lawrence video
Kourtney Kardashian was furious after seeing a video of Jennifer Lawrence calling her "more annoying than ever".
BANG Premier
BANG Premier
Freddie Jackson, romantic US singer with 10 R&B chart-toppers, dies aged 70
Celebrated for his earnest, dextrous voice, Jackson crossed into the pop charts with the hits Rock Me Tonight (For Old Times Sake) and You Are My Lady
The Guardian - UK
The Guardian - UK
Fashion designer sued after allegedly ditching jeweler’s creations from Met Gala celebrity outfits
Exclusive: ‘At least the judge and jury will get a chance to see’ Julian Polak’s designs, the celebrated jeweler’s attorney told The Independent
The Independent UK
The Independent UK
Country Singer Ella Langley Faces Social Media Backlash as Old Alabama Hunting Photos Resurface
Country singer Ella Langley is facing online criticism after photographs showing her with hunted animals resurfaced, although there is no indication the controversy has affected her music or touring plans.
International Business Times UK
International Business Times UK
Travis Barker reveals reason for hospital visit
Travis Barker shared photos from hospital, where his wife, Kourtney Kardashian, and daughter, Alabama Barker, were by his side, on Tuesday (06.10.26).
BANG Premier
BANG Premier
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play