Intel CEO Lip-Bu Tan vows to “clean up” company and refocus on chipmaking

Lip-Bu Tan says he is trying to pull Intel back to its ￰0￱ said the company lost ￰1￱ said the company fell into ￰2￱ said there were too many layers of decision-making. Lip-Bu described Intel as something that used to be great, but ￰3￱ joined in March and said his job is to “refocus” Intel on engineering work that actually builds chips, rather than holding endless meetings about ￰4￱ newest Intel boss spoke at the Future Investment Initiative in Riyadh on October ￰5￱ said, “It was a tremendous success 20, 30 years ￰6￱ I decided to come in and clean up.” Lip-Bu’s strategy so far has centered on artificial intelligence and on rebuilding Intel’s foundry ￰7￱ foundry business is Intel’s attempt to manufacture chips for others, similar to Taiwan’s ￰8￱ has fallen behind Taiwan in this area by a wide ￰9￱ said Intel needs to push here, but he also knows it is ￰10￱ his work is not a ￰11￱ is a long repair ￰12￱ the world is watching because this industry moves ￰13￱ has not kept ￰14￱ deals with leadership tension and political pressure Lip-Bu’s time in the job has not been ￰15￱ source of pressure did not only come from investors or the engineering ￰16￱ came from the White ￰17￱ President Donald Trump called for him to step down ￰18￱ pointed to Lip-Bu’s past investments in China.

Lip-Bu said he asked for a direct meeting with Trump after ￰19￱ said he explained to Trump that those investments were made while he was living in Singapore years ￰20￱ said he told Trump he placed those investments into a charitable ￰21￱ said this meeting changed the ￰22￱ August, the ￰23￱ bought a 10 percent stake in ￰24￱ was not a normal corporate ￰25￱ was tied to a national push to rebuild domestic manufacturing in industries considered critical. Lip-Bu compared this to how Taiwan supported TSMC while it was rising to global ￰26￱ said, “I told him the plan that I ￰27￱ he was delighted.” The politics here is simple: the ￰28￱ not want to depend on foreign chip supply ￰29￱ is supposed to be the American answer.

Lip-Bu is supposed to deliver that ￰30￱ investors are now waiting to see exactly ￰31￱ pushes new AI chip as it tries to catch Nvidia Intel reported third-quarter results last week that beat ￰32￱ stock went up, then eased back down once investors remembered Intel is still behind in the fastest growth market in chips: artificial ￰33￱ still leads in PC processors, but Nvidia took the lead in ￰34￱ sells GPUs used to train and run AI ￰35￱ is also taking market ￰36￱ is the battlefield Intel is trying to ￰37￱ October 14, Intel announced a new data center AI ￰38￱ is a GPU called Crescent ￰39￱ is expected to launch next year. Intel’s CTO, Sachin Katti, presented it at the Open Compute Summit.

Lip-Bu said the chip will be optimized for energy efficiency and support AI inference ￰40￱ said, “It emphasises that focus that I talked about earlier, inference, optimised for AI, optimised for delivering the best token economics out there, the best performance per US dollar out there.” Crescent Island will have 160 gigabytes of a slower memory type instead of the high-bandwidth memory used by Nvidia and ￰41￱ design comes from Intel’s consumer ￰42￱ did not say which manufacturing process it will ￰43￱ matters because the manufacturing process determines efficiency and performance, and Intel is still catching up on that front. Lip-Bu said he intends to restart Intel’s stalled AI ￰44￱ mentioned the Gaudi chips and Falcon Shores processor efforts that were ￰45￱ Island is the first signal of that ￰46￱ market will now wait for performance, not ￰47￱ do not want ￰48￱ want working silicon.

Lip-Bu knows ￰49￱ said he came to “clean up.” Now everyone wants to see the cleanup actually ￰50￱ smartest crypto minds already read our ￰51￱ in? Join them .