Intel Corp. Said to Weigh Sale of Cyber-Security Unit, FT Saysby
Chipmaker has discussed sale of Intel Security with bankers
Semiconductor company has shifted focus amid PC market decline
Intel Corp. is considering selling the cyber-security business it purchased almost six years ago for $7.7 billion, the Financial Times reported on Sunday.
The company has discussed the future of Intel Security with bankers, including potentially selling the anti-virus software maker formerly known as McAfee, the paper reported, citing unidentified people close to the discussions. The Santa Clara, California-based company declined to comment to the FT.
The semiconductor company has been shifting its focus to higher-growth areas, such as chips for data center machines and Internet-connected devices, as the personal-computer market has declined.