In his first remarks as Intel’s new CEO, Lip-Bu Tan on Monday outlined a leaner model of the long-lasting American chip maker through which he would work immediately with engineers to develop new merchandise based mostly on suggestions from the corporate’s clients.
Tan earlier this month took over at Intel, which as soon as loved greater than 90% market share in each PCs and information centre servers however has misplaced out to rivals resembling Nvidia lately.
Talking at Intel’s “Imaginative and prescient” occasion in Las Vegas, the place the corporate was set to debate merchandise with its clients, Tan mentioned he spent his first weeks on the job assembly with clients and mentioned the corporate had fallen far wanting their expectations.
“Please be brutally sincere with us. That is what I anticipate of you this week, and I consider harsh suggestions is most useful,” Tan mentioned.
Reuters has beforehand reported that Tan plans to eradicate what he views as a slow-moving and bloated center administration layer.
On Monday, Tan repeatedly promised to provide extra energy to Intel’s engineers, saying that new concepts haven’t had “room to develop and develop” at Intel lately.
‘Freedom to innovate’
“We’re going to essentially drive some new concepts, giving engineers freedom to innovate from inside,” Tan mentioned. “My weekend is normally filled with lots of engineers and designers. They’ve some good concepts, they wish to change the world, and that’s the place I get excited to work intently with them.”
Tan mentioned his main focus can be on recruiting and conserving engineers.
Learn: New Intel CEO plots overhaul of producing and AI operations
“We misplaced fairly a little bit of expertise. That’s my high precedence, to recruit a number of the greatest expertise within the business to come back again after which to rejoin or be a part of Intel,” Tan mentioned. — Stephen Nellis and Max Cherney, (c) 2025 Reuters
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