Intel’s incoming CEO, Lip-Bu Tan, is preparing to implement sweeping changes to the company’s AI strategy and chip manufacturing operations as he returns to lead the tech giant on Tuesday.
Tan aims to restructure Intel’s approach to artificial intelligence and streamline its workforce by cutting middle management, which he perceives as slow and inefficient.
A key focus of his leadership will be revamping Intel’s semiconductor manufacturing arm, which previously served only the company but has since expanded to external clients such as Nvidia. Tan’s goal is to make Intel’s foundry business competitive with industry leaders like Taiwan Semiconductor Manufacturing Company.