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Can Lip-Bu Tan’s AI bet resurrect a stumbling Intel? – Computerworld
Bloomberg reports that Intel is planning a workforce reduction of over 20%, impacting more than 21,000 employees, as part of a restructuring led by new CEO Lip-Bu Tan. With a $19 billion loss in 2024 and revenue falling to $53.1 billion, the chipmaker aims to streamline management, cut $10 billion in costs, and refocus on AI chips and foundry services,…
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Everything you need to know about Lip-Bu Tan, Intel’s new CEO
Intel has announced its new CEO in the wake of Pat Gelsinger’s retirement, naming former board member Lip-Bu Tan as its new leader months after he quit – reportedly over frustrations on the direction the struggling chip maker was taking. Gelsinger took the reins at Intel in 2001 after departing in 2009, after a 30-year stint at the company that…
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