Intel Trims The Fat By Looking To Sell Communications Branch
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Chip maker Intel Corp. is looking to sell parts of its communications chip business according to a report on the Wall Street Journal Web site on Monday. Intel is started to battle AMD and seems to cutting the fat where it isn’t needed.
The sale plan includes chips used to run software on cell phones and chips for network devices, according to the report, which cited unidentified people familiar with the matter. The chip maker said in late April that it would conduct a top to bottom review of the company with an aim to cutting costs in face of intense competition from rival Advanced Micro Devices Inc.
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