Intel may quit cyber security business as it plans to sell division formed from McAfee acquisition
Chip-maker Intel is reported to be considering the sale of its cybersecurity arm, Intel Security, previously called McAfee, which it had acquired in 2011 for $7.7bn(£5.75bn). The company is still searching for potential buyers and if the deal works out, it will be one of the biggest ever in the sector.
The dedicated security technology company was purchased by the chip-maker with the intention of incorporating its cyber security technology into Intel's chips to provide a sophisticated design that could detect threats at deeper levels. However, almost six years into the acquisition the company has reportedly failed to implement the plan.
Instead, the company announced that it is downsizing and plans to cut 12,000 jobs globally by mid-2017 as it is restructuring and focusing on making microchips that power data centres and internet-connected devices eventually moving away from the PC industry it once helped found.
