Intel Corporation (INTC) plans to separate its networking and communications unit into a stand-alone company, focusing on streamlining operations by shedding non-core assets and reducing expenses. Ericsson AB is in talks to invest millions in INTC’s networking infrastructure business. INTC aims to simplify business, reduce expenses, and optimize for growth.

Read more at Yahoo Finance: Intel (INTC) Plans to Separate Networking and Communications Unit Into Stand-alone Company, Highlights Reuters