Intel Corp INTC CEO Lip-Bu Tan has reportedly unveiled a big management shakeup, aiming to streamline the corporate’s operations and put synthetic intelligence on the forefront of its technique.
What Occurred: In an inside memo, Tan introduced that key chip teams inside Intel, together with the info heart, AI, and private laptop chip divisions, will now report on to him, reported Reuters.
Tan additionally appointed Sachin Katti, the corporate’s networking chip chief, as the brand new Chief Know-how and AI Officer, tasking him with overseeing Intel’s AI technique and product roadmap.
“I need to roll up my sleeves with the engineering and product groups so I can study what’s wanted to strengthen our options,” Tan wrote within the memo.
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He additionally criticized Intel’s earlier bureaucratic tradition.
“It is clear to me that organizational complexity and bureaucratic processes have been slowly suffocating the tradition of innovation we have to win,” he stated within the memo, including, “It takes too lengthy to make choices. New concepts should not given room or assets to incubate. And pointless silos result in inefficient execution.”
Why It is Essential: The management reshuffle comes as Intel faces mounting strain from rivals, notably Nvidia Company NVDA, which has solidified its dominance within the AI chip market.
Tan, who took over as CEO final month, beforehand additionally shared the concept about revamping Intel’s operations and management whereas refusing to sugarcoat the corporate’s previous efficiency.
Intel additionally faces new challenges with the U.S. imposing licensing necessities on AI chip exports to China, much like these confronted by Nvidia.
Value Motion: Intel’s inventory slipped 1.56% on Thursday, extending a broader decline that has seen shares tumble 46.95% over the previous 12 months. To date in 2025, the chipmaker is down 6.38%, in accordance with Benzinga Professional.
Intel presently holds a development rating of three.56% based mostly on Benzinga Edge Inventory Rankings. Click on right here to see the way it stacks up towards different main gamers within the semiconductor area.
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