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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,…