Intel’s new CEO Lip-Bu Tan is under fire after Donald Trump publicly demanded his immediate resignation over alleged ties to Chinese companies, calling him “highly conflicted.” This comes as Senator Tom Cotton also raised concerns about Tan’s connections and their impact on national security. Even before Trump’s involvement, Tan was already clashing with Intel’s board over the company’s future strategy, including manufacturing and AI investments. The controversy sent Intel’s stock tumbling and signals deepening turmoil at the chip giant, which has struggled to keep pace with rivals and faced leadership upheaval since Pat Gelsinger’s exit.
Tag: Lip-Bu Tan
Intel Plans Major Job Cuts, Scraps Global Expansion
Intel just confirmed it’ll trim its workforce down to 75,000 by end of 2025—a steep drop from nearly 109,000 last year. As part of its restructuring to cut costs, the chip giant is also cancelling big construction plans in Germany and Poland, while slowing expansion in the U.S. and shifting focus to existing sites in Vietnam and Malaysia. New CEO Lip-Bu Tan seems serious about rebooting Intel’s finances, even if it means tough choices. After years of sliding performance, this aggressive downsizing may be painful—but it might be the reset Intel needs.
Credit: engadget