Intel CEO Lip-Bu Tan Launches Strategic Overhaul to Revive Chipmaker

Tan begins his tenure with plans to streamline management, enhance manufacturing, and focus on AI innovation, following a $19 billion loss in 2024.

Lip-Bu Tan officially assumes the role of Intel CEO, aiming to address inefficiencies and restore the company's market position.
The strategic plan includes cutting middle management, which Tan has criticized as slow-moving and bloated.
Intel intends to improve its foundry business by attracting major clients like Nvidia and Broadcom for high-volume chip production.
AI chip development is a priority, but significant breakthroughs are not expected until at least 2027, according to industry sources.
Intel's stock has risen over 7% following reports of Tan's revitalization strategy, signaling investor optimism.