LogInAnother one to perish.
Intel has been cutting its non-core businesses pretty actively lately: Optane, SSD, networking switch, 5G modems – all of them have been dumped, and it seems another one is going to join the list.
As reported by ServeTheHome, Intel is exiting its server-building business and selling it to MiTAC, an electronics manufacturer and parent of Tyan.
"In line with Intel’s continued efforts to prioritize investments in its IDM 2.0 strategy, we have made the difficult decision to exit our Data Center Solutions Group (DSG). As part of this plan, MiTAC, an edge-to-cloud IT solutions provider and longstanding ODM partner of DSG, will have the right to manufacture and sell products based on our designs. We are focused on ensuring the DSG team and its stakeholders are supported during this transition," a spokesperson told ServeTheHome.
It doesn't come as such a big surprise as servers don't bring much to the company. Moreover, Intel revealed significant revenue losses in January, so the decision to close the business is probably wise.
Find out more about the situation here and don't forget to join our 80 Level Talent platform and our Telegram channel, follow us on Instagram and Twitter, where we share breakdowns, the latest news, awesome artworks, and more.