Analysts at Ålandsbanken have expressed a positive view on telecom supplier Ericsson's decision not to acquire NEX from American tech giant Intel.
In a statement, Ålandsbanken explained that the funds earmarked for the potential purchase "can instead be returned to shareholders," underscoring the bank's preference for shareholder returns over large-scale acquisitions.
Yesterday, Intel announced it would abandon its plans to sell NEX, stating that the division now has better prospects for success within the company. Earlier this year, Intel had signaled its intention to separate the division and was seeking external investors.
Intel Corporation is the world leading manufacturer of semiconductor. Net sales break down by family of products and services as follows:
- computing architectures products (69.6%): processors and microprocessors (Pentium, Intel Xeon brands, etc.), graphics cards, chips and motherboards, connectivity products, cellular modems, Ethernet controllers, network components, storage products, etc. for PCs, servers, data centers, cloud networks, workstations, notebooks, Internet of Things, graphics architectures, intelligent peripherals and communications infrastructures. The group also develops associated software;
- wafer manufacturing services (25%): accelerators, monolithic chips, silicon wafers, etc. The group also offers chiplet software and mask manufacturing equipment for advanced lithography;
- other (5.4%).
Net sales (including intragroup) are distributed geographically as follows: the United States (24.5%), China (29.2%), Singapore (19.2%), Taiwan (14.7%) and others (12.4%).
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