Chief Executive Officer Lip-Bu Tan said customers told him Intel strayed from their needs and fell behind competitors on innovation.

Photo: Intel Corporation; David Paul Morris/Bloomberg News Tan, who was named as the semiconductor company’s new CEO earlier in March, said conversations with customers have taught him that ...

Intel’s stock plunged 60% in 2024 and the company ousted its CEO. That has left new CEO Lip-Bu Tan facing significant challenges, including how to fix the chip giant’s business. WSJ explains.

Intel (INTC) has had a rough few years, but its board isn’t backing down from its turnaround efforts. With former CEO Pat Gelsinger stepping aside, the company has placed its bets on ...

Intel’s data center and AI chip groups, and personal-computer chip group, will now report directly to Tan. Sachin Katti to ...

Intel's new CEO, Lip-Bu Tan, said he wants brutal customer ... boards of SoftBank Group and Hewlett Packard Enterprise. Turnaround plans On Monday, Tan also said that Intel would spin off non ...

One of the linchpins of Tan's presentation was his focus on revitalizing Intel's corporate culture. Analysts from Stifel and Truist Securities highlighted this shift, noting that Tan emphasized the ...

Intel's new CEO, Lip-Bu Tan, said he wants brutal customer feedback to address recent shortcomings. Tan's appointment follows Pat Gelsinger's departure in December. Tan said that Intel plans to divest ...

Lip-Bu Tan appointed new Intel CEO, continues Gelsinger strategy (for now) Intel finally has a new CEO, Lip-Bu Tan, late of Cadence Design, where he engineered an impressive turnaround.

Intel ( INTC -2.90%) announced on Monday that it had agreed to sell a 51% stake in Altera, the FPGA specialist it acquired in ...