Intel could be in for significant changes as Lip-Bu Tan takes on CEO role

Intel’s new CEO Lip-Bu Tan seems ready to work immediately to reverse the wrestling company.

The new supervisor of the semiconductor is Consider sweeping changes For the company’s chip production and AI strategies, according to Reuters, including cutting middle management staff and renewing the company’s approach for production chips. Allegedly Tan told the business staff that he should make “difficult decisions” to get the company back on the right track.

Tan was announced last week as the new CEO of Intel. He will return to the company on Tuesday after leaving the Intel board in August 2024 about collisions with Intel’s former CEO Pat Gelsinger.

Intel refused to comment.