Historical Stock Chart
6 Months : From Apr 2019 to Oct 2019
By Stephen Nakrosis
Intel Corp. (INTC) on Thursday said the company will combine its network infrastructure organization and its programmable solutions organization into a new Network and Custom Logic Group.
Dan McNamara, who will serve as senior vice president and general manager of the Network and Custom Logic Group, said the move comes on the heels of conversations with customers who are concerned about new technologies disrupting existing businesses and who are seeking to capitalize on new opportunities presented by these technologies.
He said the merger allows the company "to bring maximum value to our customers by delivering unprecedented and seamless access to Intel's broad portfolio of products."
Mr. McNamara said, "5G is one area where both disruption and opportunity are mentioned in the same sentence," adding, "5G will unleash new ways to use computing - not only offering speed and performance, but also low latency and reliability that ensure some of the capabilities that today's network cannot deliver."
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
June 13, 2019 15:29 ET (19:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.