Intel is spinning off its Network and Edge Group (NEX), which generated $5.8 billion in 2024 revenue, into a standalone company while retaining a minority stake and seeking external investors. This restructuring, amid a $2.9 billion loss and workforce cuts, aims to streamline operations and refocus on core x86 and AI businesses. The move could intensify competition in 5G and edge computing.
Cloud costs can quickly spiral when finance teams lack real-time visibility into engineering spend. Join the free virtual FinOps Excellence Summit, hosted by Harness on July 16th, to learn how leading companies like United Airlines are successfully embedding cost controls into their software delivery pipelines.
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