- The CEO of Intel Lip-Bu Tan discusses the future of the company during its vision conference
- Turning non -essential assets and adding more engineers is a priority
- Tan wants to listen to customers, but “it will not happen overnight”
The new CEO and Successor of Intel by Pat Gelsinger, Lip-Bu Tan, announced his intention to run non-fundamental units to tackle the recent company difficulties.
Tan pointed out that there would be no rapid solution, adding that his first week as CEO meeting customers revealed that Intel had lacked their expectations.
“Please be brutally honest with us,” he said during the Vision du Tipmaker event in Las Vegas.
LIP-BU TAN announces long-term plans for Intel
Tan also revealed how leaner, with a more direct involvement of engineers after losing its formerly dominant market for competitors like NVIDIA and AMD.
On the AI chip front, the company is seriously lagging behind Nvidia, which has spent some time as the most precious company in the world with a market capitalization of more than 3 dollars.
“We have lost a lot of talent,” said Tan by discussing plans to recruit more engineers and give them “freedom to innovate from the interior” (via PK Press Club).
The CEO also wishes to be more responsive to customer needs – the creation of personalized semiconductors adapted to the customer’s specifications will be one way.
During the event, Tan also indicated that the rotation plans of non -essential assets of Intel to focus on basic operational strategies – there is no current plan to divide products and Intel manufacturing units.
Intel’s stock increased in the days between the announcement and the appointment of Tan, but has gradually faded. Actions also dropped 1.2% after making these comments at this week’s vision conference, speaking a new uncertainty and a potential decrease in trust.
“This will not happen overnight, but I know that we can get there,” he added.
