Intel’s newly appointed CEO, Lip-Bu Tan, has rapidly unveiled his strategy for the semiconductor company.
During his address at the Intel Vision conference, Tan announced that the company intends to divest assets that are not essential to its core mission, as reported by Bloomberg. However, Tan did not provide specifics on what the company considers core and non-core assets.
Additionally, Tan revealed that Intel plans to introduce new products, including customized semiconductors tailored to specific customer needs. Nonetheless, he did not mention any plans to break up the company, a potential restructuring strategy that had been discussed in recent months, according to Bloomberg.
Tan’s appointment as Intel’s CEO was announced on March 12, and he assumed the role on March 18, roughly three months after the departure of former CEO Pat Gelsinger, who was forced to leave the position on December 1. Prior to his appointment, Tan served on Intel’s board of directors before resigning in late August.
TechCrunch has contacted Intel for a statement regarding the new developments.
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