Intel Shelves Plans to Sell Networking Division After Review: NEX to Stay In-House

Intel has shelved plans to sell its networking division, NEX, after a review determined it would be better off as an internal unit. The decision comes after talks with Ericsson were ended, and follows a turnaround strategy by CEO Lip-Bu Tan to cut jobs and offload operations. Intel has benefited from a $17 billion influx of cash since this summer, including a 10% stake from the US government and investments from SoftBank and Nvidia.