Overview

• Tan acknowledged in a leaked recording that Intel no longer ranks among the top ten semiconductor companies, reversing decades of industry leadership.
• He admitted the company missed the AI training chip market and cannot challenge Nvidia’s dominant position in data-center accelerators.
• Intel will pivot its AI efforts exclusively to edge applications by embedding AI capabilities into consumer processors.
• The company has begun sweeping layoffs, cutting over 500 jobs in Oregon with plans for thousands more to slim down its workforce.
• External foundry expansion is paused until Intel’s 18A manufacturing process is validated internally for its own products.