Wednesday, November 27th 2019
Intel is Looking to Sell Connected Home Division
Intel is reportedly looking to sell its connected home devices division, a company unit used for designing semiconductors that enable WiFi connection in all kinds of devices and SoCs made for managing network devices like WiFi routers. Following a previous deal, where Intel sold its modem division to Apple for 1 billion USD, Intel is now looking to "get rid of" another unit that is not doing any data-centric design workload.
The Connected Home division had around 450 million USD last year in annual sales, but it seems that competition is getting good with competing offers from Broadcom Inc. and Qualcomm Inc. If the unit is potentially sold to another company, Intel could rewire its R&D funds to other groups inside the company. Additionally, it is worth to mention that a financial advisor has reportedly been hired to evaluate any possible offers that Intel receives.
The Connected Home division had around 450 million USD last year in annual sales, but it seems that competition is getting good with competing offers from Broadcom Inc. and Qualcomm Inc. If the unit is potentially sold to another company, Intel could rewire its R&D funds to other groups inside the company. Additionally, it is worth to mention that a financial advisor has reportedly been hired to evaluate any possible offers that Intel receives.