Just five years after buying McAfee, Intel is reportedly looking to quit the computer security business.
(CCM) — Intel is considering abandoning its security activities so that it can concentrate on its core chip-making business, according to a Financial Times report. The company bought antivirus software maker McAfee for $7.7 billion in 2011 and renamed the business Intel Security while retaining the McAfee brand, but now it is talking to bankers about selling the division. At the time of the acquisition Intel said it planned to embed new security features into the chips it makes for PCs and servers, but this strategy has not been successful. The company introduced a security product called Deep Defender, which made use of chip-based security features in 2012, but the software was scrapped earlier this year.
Now, the company is restructuring in response to declining PC sales, and in April it announced that it was planning to cut its workforce by 11% by shedding 12,000 jobs. Intel's attempts to make chips for smartphones and other mobile devices have also been unsuccessful, and in April it cancelled its Atom mobile chip. Its strategy now is to focus attention on making chips for corporate data centers, the cloud, and Internet of Things devices.
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