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Intel Said to Consider Selling NEX Business, Say Sources
May 21, 2025
Intel is considering selling its networking and edge (NEX) business unit as part of a strategic shift, as per sources. No final decision has been made regarding the sale. The NEX group, which reported $5.8bn in revenue in 2024, was recently integrated into Intel’s data center and PC divisions and is no longer reported separately. This move reflects Intel’s focus on core strengths in PC and data center chips, where the company holds significant market shares – 68% in PC chips and 55% in data center chips. Discussions about divesting the NEX unit are in early stages, with no formal sale process initiated yet. Intel has engaged bankers to explore potential buyers, but no adviser has been hired as of now. The decision to explore a sale is influenced by the limited strategic fit of the NEX unit with Intel’s core outlook and the competitive challenges in the networking chip market. Intel’s recent $4.46bn sale of a majority stake in its Altera unit to Silver Lake further underscores the company’s strategy to streamline operations and concentrate resources on its primary business areas.
Intel’s bonds were trading stable, with its 5.2% 2033s at 98.1, yielding 5.5%.
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