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Intel's new CEO plots overhaul of manufacturing and AI operations

Intel's incoming CEO Lip-Bu Tan plans significant changes to manufacturing and artificial intelligence strategies to revive the company, according to sources familiar with his thinking.
Revamping manufacturing operations to improve performance at Intel Foundry, which makes chips for companies like Microsoft and Amazon, is a core priority for Tan.
Tan will address the reduced workforce, which was cut to nearly 109,000 at the end of last year, as per the sources.
An Intel spokesman mentioned that Tan will focus on listening to customers, partners, and employees to position the business for future success.

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thedailyupside.com

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Can Intel Get its Groove Back?

Intel, which has lost some of its once near-universal allure to investors, may be getting a facelift. While the beleaguered chip firm has struggled in the booming AI chip market, incoming CEO Lip-Bu Tan is considering big changes to its manufacturing and AI strategies, Reuters reported earlier this week. The plans reportedly include cutting staff from the middle management layer of the business; improving its manufacturing arm, Intel Foundry, …

22 days ago

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Benzinga

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What's Going On With Intel Stock Wednesday? - Intel (NASDAQ:INTC)

Intel Corporation (NASDAQ:INTC) shares are trading lower on Wednesday, pulling back after recent gains driven by the announcement of its new CEO. What To Know: Last week, Intel announced Lip-Bu Tan, former Intel board member and CEO of Cadence Design Systems, as its new CEO, succeeding Co-CEOs David Zinser and Michelle Johnston Holthaus. Tan plans to implement significant changes at Intel, including revamping the company's chip design process, m…

23 days ago·New York, United States

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MarketWatch

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Intel’s stock is on a five-day hot streak — but it’s still below last month’s highs

Despite excitement over Intel’s new CEO, shares are still below the company’s year-to-date highs — in February, when investors were expecting an imminent breakup.

24 days ago·United States

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The Mercury news

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Intel’s new CEO faces ‘show me’ moment after $22 billion rally

By Carmen Reinicke and Ryan Vlastelica | Bloomberg Since Intel Corp. announced that Lip-Bu Tan would take over as CEO last week, the company’s shares have soared. Now, as Tan assumes his job, it is far from clear how he will fulfill the big hopes that have been placed on his shoulders. Ahead of taking on his new role on Tuesday, Tan sent a letter to employees warning that it won’t be easy for the company to hold off the forces that have sent it …

24 days ago·San Jose, United States

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Semafor

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New Intel CEO takes the helm at a make-or-break moment

The NewsLip-Bu Tan took over as Intel’s new CEO on Tuesday, under immense pressure to turn around the struggling semiconductor giant.The US company has been set back in recent years by its failure to innovate and keep up with the rapidly changing artificial intelligence chip ecosystem — now dominated by Nvidia.Intel shares have soared since Tan was announced as the new CEO, in what one analyst desscribed as a “show me” moment for the company.Tan…

24 days ago·New York, United States

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