(Image credit: Galax) Palit Group and Galax have announced that the latter's GPU brand will continue to operate and release hardware, despite reports to the contrary following an announcement of an internal restructuring at Palit Group. It follows reports of Galax ceasing operations. The initial announcement came from Ronaldo Buassali from TecLab , part of Galax Brazil, whose now-deleted X post suggested Galax had exited the market amidst the change. Both Palit and Galax have come forward to clarify that, apart from the internal restructuring, nothing is happening to the Galax brand. The original post revealing Palit's takeover of Galax (Image credit: Videocardz) Galax's management will be centralized at Palit Group headquarters, where it will run alongside Palit. Its iconic GPUs, such as the Hall of Fame (HoF) lineup, don't seem to be going anywhere. Article continues below In its official statement , Palit said, "GALAX is not ceasing operations.…