Intel’s new CEO Lip-Bu Tan seems ready to get right to work to turn around the struggling company. The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company […]
As Intel welcomes a new CEO, a look at where the company stands
Semiconductor giant Intel hired semiconductor veteran Lip-Bu Tan to be its new CEO. This news comes three months after Pat Gelsinger retired and stepped down from the company’s board, with Intel CFO David Zinsner and executive vice president of client relations Michelle Johnston Holthaus stepping in as co-CEOs. Tan, who was most recently the CEO […]
Intel appoints Lip-Bu Tan as its next CEO
Intel has appointed Lip-Bu Tan, a major figure in the semiconductor industry, as CEO, the company announced late Wednesday. Tan succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus. He’ll also rejoin the Intel board of directors after stepping down from the board in August 2024, Intel said. Zinsner will remain Intel’s CFO, while Johnston […]
Qualcomm may be trying to buy Intel
Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports. The Wall Street Journal broke the news late Friday that Qualcomm had approached Intel about a takeover. The New York Times subsequently corroborated the story, while adding that no official offer has been made. Even if there is an offer, it’s not clear […]
Intel moves to spin out foundry business, inks AI chip deal with AWS
Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround. Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post. Intel Foundry’s leadership isn’t changing, and the subsidiary […]