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Exclusive: Intel’s new CEO plots overhaul of manufacturing and AI operations
Intel’s incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and AI strategies ahead of his return to the company.
Intel’s incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and AI strategies ahead of his return to the company.
The Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel after the California-based chips maker won a separate $3 billion award from the Pentagon.
The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company’s bloated workforce.
Intel rose more than 9% on Friday and sparked a jump in chip stocks after the personal computer market was rebounding from its quarters-long slump.