Intel’s new CEO Lip-Bu Tan is set to implement layoffs and overhaul the company’s AI strategy to revive operations following its significant financial loss in 2024. Prioritizing the Foundry business, Tan aims to refine the approach, securing large customers to boost the company’s recovery efforts.
Intel’s new CEO Lip-Bu Tan warns of ‘tough decisions’ at first town hall: Job cuts, AI revamp and more
