Intel is considering selling its security business as it tries to focus on delivering chips for cloud computing and connected devices. The Financial Times reports a group of private equity firms may join together to buy the security business if it is sold at the same price or higher than what Intel paid for it. The company rebranded its McAfee business as Intel Security in 2014. Intel said in April that it was cutting 12,000 jobs, or 11 percent of its workforce, by mid-2017 as it tried to evolve from chips for PCs to silicon for data centers and the Internet of Things.”]
Source: https://www.csoonline.com/article/3088864/intel-is-said-to-mull-selling-its-security-business.html