With Intel partnering with the king of GPUs, its in-house unit could get the axe.

Part of Intel 's ( INTC 4.43% ) turnaround strategy, now under CEO Lip-Bu Tan and previously under former CEO Pat Gelsinger, is to exit noncore businesses and refocus on what the company does best. Intel has exited the memory chip business , wound down its Ethernet switch business , abandoned its Bitcoin mining chips , and scuttled a wide variety of smaller business lines. It has also spun off its self-driving unit Mobileye and sold a majority stake in Altera , raising cash in both cases.

Intel likely isn't done simplifying its operations. Tan has initiated significant layoffs, and a new policy of "no more blank checks" will lead to the company being far more selective about which invest

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