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Intel’s New CEO Lip-Bu Tan Lays Out His Plan to Turn Around the Troubled Chipmaker

Lip-Bu Tan took over as Intel's CEO in March, with his appointment announced on Monday, and made his first public appearance at the Intel Vision conference in Las Vegas.
Intel has faced recent challenges, including losing ground to rivals, falling short of customer expectations, and experiencing a near 50% drop in share price in 2024, leading to billions in losses.
Tan outlined a plan to streamline Intel by empowering engineers, eliminating bloated middle management, spinning off non-core businesses to improve bandwidth, and focusing on customer feedback for new product development, including custom semiconductors.
Tan stated, "We had been too slow to adapt and to meet your needs," and requested "brutal honesty" from customers, highlighting that Intel's chips were not good enough and "we fell behind on innovation."
With Intel up 13% this year, Tan aims to restore Intel's fortunes by recruiting top talent, improving manufacturing processes, and potentially partnering with companies like Nvidia and Broadcom, while also considering exploring the robotics space and divesting non-core assets, though he did not specify which parts of the company may be divested.

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Intel’s New CEO Lip-Bu Tan Lays Out His Plan to Turn Around the Troubled Chipmaker

Earlier this week, Intel’s new CEO Lip-Bu Tan delivered a keynote speech at the Intel Vision conference—just 14 days into his tenure. He takes the reins at a critical moment for the once-dominant American chipmaker, now struggling to keep pace with rivals amid the A.I. boom. Intel still holds a commanding share of the CPU market for personal computers, but it lags behind companies like Nvidia and AMD when it comes to GPUs, the chip used for trai…

14 hours ago·New York, United States

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The Register

Center

Intel’s Top Execs Clueless on Tan’s ‘Chopping Block

Vision: Chipzilla chief asked customers to be 'brutally honest' ... which will lead to what changes, we wonder

3 days ago

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ZDNet

Center

Intel's new CEO vows to run chipmaker 'as a startup, on day one'

Incoming chief Lip-Bu Tan says Intel needs to hear 'harsh feedback' from customers in order to correct its mistakes.

3 days ago·United States

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sherwood.news

Lean Left

Investors shrug off new Intel CEO’s first public remarks as chipmakers decline

Lip-Bu Tan’s first public remarks as Intel’s new CEO weren’t enough to keep the company out of a downdraft among major chipmakers on Tuesday....

3 days ago

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CGTN

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Intel's new CEO tells customers to 'be brutally honest with us'

In his first remarks as Intel's new CEO, Lip-Bu Tan on Monday outlined a leaner version of the iconic American chipmaker in which he would work directly with engineers to develop new products based on feedback from the company's customers.Tan earlier

3 days ago·Beijing, China

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DNyuz

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Intel’s new CEO acknowledges the company fell behind and he wants customers to be ‘brutally honest’

Intel’s new CEO said the company had fallen short of expectations recently and asked for customer feedback in his first public appearance since taking over the chip giant. “We had been too slow to adapt and to meet your needs,” Lip-Bu Tan said about customers on Monday at an Intel event in Las Vegas. “You deserve better, and we need to improve, and we will. Please be brutally honest with us.” The keynote was Tan’s first since taking over as CEO …

3 days ago

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