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Former CEO Says US 'Needs' Intel: Here's What He Believes Could Save ...

Summary by PCWorld
Is there a way that Intel can be saved? Former Intel chief executive Craig Barrett thinks so, and it isn’t the way the company’s former board members suggest. Intel should have a number of its customers invest a total of $40 billion in the company to ensure a steady supply of chips, the company’s former chief executive wrote over the weekend. Barrett’s comments come as current chief executive Lip-Bu Tan is scheduled to meet with President Trump …
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Intel's former CEO, Craig Barrett, presents a rescue plan to save Intel as well as the state-of-the-art US chip manufacturing industry Lip-Bu Tan, newly named CEO of Intel, has unveiled a strategic letter addressed to employees, in which he announces drastic steps to right the company. On the program: reduction of 15% of staff, radical reorganisation of the hierarchy, refocusing on three strategic priorities, and a message...

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Wccftech broke the news in on Monday, August 11, 2025.
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