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 get right to work to turn around the struggling company. 

The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company employees that he would need to make “tough decisions” to get the company back on track. 

Tan was announced as Intel’s new CEO last week. He rejoins the company on Tuesday after exiting Intel’s board in August 2024 over clashes with Intel’s former CEO Pat Gelsinger. 

Intel declined to comment.