Intel’s new CEO, Lip-Bu Tan, plots a new strategy for manufacturing and AI operations (image credit: Intel) Intel’s new CEO Lip-Bu Tan plots overhaul of chip manufacturing and AI strategies through workforce restructuring, enhanced foundry services and AI focus As global semiconductor competition intensifies and AI demand continues to surge, Intel’s new Chief Executive Officer (CEO) Lip-Bu Tan has developed plans for substantial changes to the company. According to Reuters, Tan aims to focus on the company’s chip production methods and AI strategies, including restructuring the company’s approach to AI and reducing staff numbers to address what is viewed by some as inefficiency in middle management. Revamping Intel’s manufacturing operations – which once produced chips exclusively for Intel but now make semiconductors for external clients such as Nvidia – is also among Tan’s main priorities. The news prompted Intel’s shares to increase by more than 7% on the Nasdaq exchange. Intel designs, manufactures and sells a wide range of semiconductor products During a town hall meeting after his appointment as CEO, Tan told employees that the company would need to make “tough decisions,” according to people briefed on the meeting – but what are these decisions and how will […]
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