With plans to streamline manufacturing and aggressively pursue AI chip production, Tan seeks to turn around Intel’s fortunes after a record $19B loss and increasing competition from rivals. Intel’s Incoming CEO Lip-Bu Tan Plans Major Overhaul Amid Struggles Intel’s newly appointed CEO, Lip-Bu Tan, is setting the stage for a significant transformation at the struggling semiconductor giant. Following the departure of former CEO Pat Gelsinger in December, Tan — a former board member and ex-CEO of chip design software company Cadence — is preparing to tackle some of Intel’s most pressing issues. In his first weeks at the helm, Tan … Continue reading Intel’s New CEO Lip-Bu Tan to Overhaul Operations, Cut Jobs, and Revamp Chipmaking Amid Struggles