Intel's new chief executive Lip-Bu Tan told investors during the company's “Intel Vision” conference that the chip giant has been “too slow to adapt.” Photo: Intel Corporation; David Paul Morris/Bloomberg News
In his first public appearance as Intel Corp.'s new chief executive, Lip-Bu Tan on Monday asked the chip giant's customers to continue to give him their criticism and honesty, as he moves forward with his plans to revive the company.
In his first remarks as Intel's new CEO, Lip-Bu Tan on Monday outlined a leaner version of the iconic American chipmaker in which he would work directly with engineers to develop new products based on feedback from the company's customers.
Tech stocks are selling off today amid President Donald Trump's latest tariff remarks.
Three members of Intel's board of directors won't stand for re-election in May, the company said in a Thursday filing. The shakeup comes after Intel named Lip-Bu Tan as its new CEO earlier this month.
In October 2020, Intel agreed to sell its NAND memory-fabrication facility operations and business in Dalian, China, to Seoul-based memory-chip maker SK Hynix. The deal was set to be conducted through two closings.
Taiwan Semiconductor Manufacturing stock has suffered this year amid worries about potential tariffs on semiconductors and its hefty investment in the U.S.
Some of the best investments take their sweet time to develop. For example, Advanced Micro Devices (AMD -3.15%) entered the Intel (INTC 0.92%) compatible processor market in 1996, and then the stock largely trailed behind the S&P 500 (^GSPC -0.33%) for the next 20 years.
Intel (INTC) concluded the recent trading session at $23.62, signifying a +0.85% move from its prior day's close.
Intel's new Chief Executive Lip-Bu Tan has a message for investors: We will compete with Nvidia NVDA-1.22% in AI hardware.
Three Intel board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.
Edge-delivered artificial intelligence (AI) is a rapidly growing technological deployment that processes data locally on devices or nearby servers instead of in the cloud. Intel Corporation NASDAQ: INTC is strategically positioning itself as a leader in this space, with a clear focus on edge AI as a key pillar in its turnaround efforts.