It reads, In Q2 2022, we initiated the winding down of our Intel Optane memory business.
The news was also later confirmed by Intel CEO Pate Gelsinger on an earnings call, according toToms Hardware.
We continue to rationalize our portfolio in support of our IDM 2.0 strategy.
This includes evaluating divesting businesses that are either not sufficiently profitable or not core to our strategic objectives.
After careful consideration, Intel plans to cease future product development within its Optane business.
We are committed to supporting Optane customers through the transition, Intels spokesperson toldToms Hardware.
However, the chip maker has consolidated the complete Optane business unit under Optane memory business.
This capability was only offered by Intel, which will now come to an end, too.
This left the chip maker with no production facilities of its own.
We have now exited six businesses since my return.
source: www.techworm.net
