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Barchart
Barchart
Aanchal Sugandh

Is Intel Stock a Buy on Rumors of Networking Business Sale?

Intel Corporation Network INTC LipBu Tan NEX

Intel (INTC), a stalwart in the semiconductor world, has once again turned to investment bankers to chart its next move. Known for being a bedrock of reliability among long-term investors, the company is now contemplating parting ways with its Network and Edge Group (NEX) division.

Earlier this year, in April, it parted with 51% of its stake in Altera, handing it over to Silver Lake, a global tech investment titan. Just a month prior, CEO Lip-Bu Tan, in his first public address, doubled down on revitalizing Intel’s innovation engine, signaling a fresh start.

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