Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost control, and execution.

Intel (NASDAQ: INTC) will end 2025 with a workforce over 20% smaller than last year as new CEO Lip Bu Tan pushes aggressive cost-cutting to revive the struggling chipmaker. The company plans to ...

Intel stock falls 10% despite Q2 beat; Lip‑Bu Tan's disciplined turnaround strategy takes center stage.

“There are no more blank checks,” says new Intel CEO Lip-Bu Tan, as the company slashes jobs, restructures operations, and pivots toward AI and efficiency.

Intel experiences a period of transformation under CEO Pat Gelsinger, with tech investor Lip-Bu Tan appointed as the new chairman. Investor concerns rise over Intel's stock decline and potential exit ...

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time.