Intel Boss Vows To Fix Years Of Bureaucracy And Mismanagement

Benzinga

Intel CEO Lip-Bu Tan vowed to restore engineering focus after years of mismanagement. Backed by Trump’s support for U.S. chipmaking, Tan is prioritizing AI and foundry growth as Intel battles AMD and Arm for market leadership.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Intel CEO Lupu Todd said he is refocusing the company on engineering excellence after years

00:07of mismanagement eroded semiconductor leadership, according to Bloomberg. Speaking of the future

00:12investment initiative in Riyadh, Todd cited excessive management leaders as a drag on

00:16innovation. Since joining in March, he has emphasized AI and Intel's foundry operations,

00:22which still trail Taiwan's semiconductor. President Trump initially called for Todd's

00:26resignation over his prior China investments, but reversed after a meeting and backed a U.S.

00:30government purchase of a 10% Intel stake to boost domestic manufacturing. Think of America's

00:35Vivek R.I. warned Intel faces steep challenges from AMD and ARM and expects unprofitability

00:42through 2027 without major foundry wins or new CPU breakthroughs. Shares are up 97% near

00:48to date. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended