Dec 3 (Reuters) – Intel said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit.

Intel had previously explored selling various assets while it weighed options on how to improve its financial position. Over the summer, Intel clinched an $8.9 billion investment from the U.S. government for a 10% stake, and investments of $2 billion from SoftBank Group and $5 billion from Nvidia.

The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner said when Intel released third-quarter results.

Intel determined after its review of selling the networking group, or NEX, that it would be beneficial to hang on to the assets.

“Keeping NEX in-house enables tighter integration

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