Intel is streamlining by spinning off its Network and Edge group, responsible for telecom chips. The company plans to be an anchor investor in the stand-alone business and seek outside capital. Rumored sale in May, the group brought in $5.8 billion in revenue in 2024. Similar to spinning off RealSense earlier.

TechCrunch reached out to Intel for more information on its plans and timeline for the spinout.

Read more at Yahoo Finance: Intel is spinning off its Network and Edge group