Intel says it will keep networking and communications unit

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.