Intel Shelves Plans to Sell Networking Division After Review

Intel Corp. said it’s shelving plans to spin off or sell a stake in its networking division, after the company decided it’s more likely to succeed as an internal unit.

“After a thorough review of strategic options for NEX — including a potential standalone path — we determined the business is best positioned to succeed within Intel,” the company said Wednesday in an emailed statement. “Keeping NEX in-house enables tighter integration between silicon, software and systems, strengthening customer offerings across AI, data center, and edge.