Sources: Intel is considering divesting NEX, its Network and Edge business unit that generated $5.8B in 2024 revenue, to focus on PC and data center chips
Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company …
Sources: Intel is considering selling part of its 88% stake in Mobileye, and is also exploring options for its Network and Edge enterprise networking division
Bloomberg :
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 10%+
The company reported a GAAP loss … Josh Lamb / Proactive : Intel sinks as guidance disappoints Tobias Mann / The Register : Intel excited by PC sales pop and GPU prospects, but investors aren't becaus...
Qualcomm ends its Iridium partnership to bring satellite connectivity to Android phones, started in January 2023, after low adoption by smartphone manufacturers
Sometimes apathy wins when it comes to things our phones can do. Michael Sheetz / CNBC : Iridium, Qualcomm end satellite-to-phone partnership Iridium Satellite Communications : Iridium Announces New D...
1inch Network, which offers the popular DEX aggregator 1inch app, raises a $175M Series B led by Amber Group, bringing its total funding to $190M
Quick Take — 1inch Network has raised $175 million in a Series B funding round. — The project is looking to serve institutional customers …
Crypto exchange WOO Network closes a $30M Series A from various investors, including Singapore-based Three Arrows Capital
WOO Network is betting on deep liquidity to break into the crypto exchange landscape. — Crypto exchange WOO Network closed a $30 million Series A round from various investors …
Hollywood Presbyterian Medical Center's network down for more than a week after ransomware attack; hackers demand $3.6M
Ransomware takes Hollywood hospital offline, $3.6M demanded by attackers — Network has been offline fore more than a week, $3.6 million demanded as ransom