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Tag: Intel

Intel's new CEO outlines vision for leaner, more innovative future
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Intel’s new CEO plans AI strategy overhaul, chip manufacturing

Intel’s incoming CEO, Lip-Bu Tan, is preparing to implement sweeping changes to the company’s AI strategy and chip manufacturing operations as he returns to lead the tech giant on Tuesday. Tan aims to restructure Intel’s approach to artificial intelligence and streamline its workforce by cutting middle management, which he perceives as slow and inefficient. A […]

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Intel CEO Lip-Bu Tan to receive $1m annual salary

Intel’s new CEO Lip-Bu Tan will receive an annual salary of $1 million and be eligible for a performance-based cash bonus of up to $2 million, according to a regulatory filing. Tan’s appointment, announced on Wednesday, comes as Intel strives to recover from a challenging transition in its bid to establish itself as both a […]

Intel's new CEO outlines vision for leaner, more innovative future
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Intel names Lip-Bu Tan as CEO to tame investor worries

Intel has appointed chip industry veteran and former board member Lip-Bu Tan as its new CEO, effective March 18. The decision comes three months after the ousting of Pat Gelsinger, whose ambitious turnaround strategy struggled to gain traction and raised concerns among investors. Tan, a seasoned technology investor, had been considered a strong candidate due […]

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AfDB, Intel partner to transform Africa digital ecosystem

The African Development Bank and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The African Development Bank and The IT behemoth Intel have formalized their partnership to revolutionize the continent’s digital landscape. The collaboration intends to provide 30,000 government personnel and 3 million Africans with AI skills. According to a […]

Chipmaker Intel to launch AI-processor in December
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Chipmaker Intel to launch AI-processor in December

Intel announced on Tuesday that a new processor arriving in December will be able to run a generative artificial intelligence chatbot on a laptop. The functionality might allow companies and users to test ChatGPT-style technologies without transmitting sensitive data away from their own computers. Intel was slated to demonstrate it during a software developer conference […]

Intel to cut over 20% of workforce in major restructuring push
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Intel terminate $5.4 billion Tower deal amid regulatory challenges

Intel and Tower Semiconductor’s $5.4 billion deal has been mutually terminated due to challenges in securing timely regulatory approvals, the companies announced on Wednesday. Shares of Tower Semiconductor witnessed a decline of about 9% in both the United States and Tel Aviv markets. Intel, which had previously committed to acquiring Tower, will pay a termination […]

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