Name: Intel’s New CEO Lip-Bu Tan Says Company Turnaround ‘Won’t Be Easy’
Uploaded: 2025-04-01T01:53:00Z
Duration: 1 min 47 s
Description: Intel’s new chief executive Lip-Bu Tan told investors during the company’s “Intel Vision” conference that the chip giant has been “too slow to adapt.”

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Intel’s new chief executive Lip-Bu Tan told investors during the company’s “Intel Vision” conference that the chip giant has been “too slow to adapt.” Photo: Intel Corporation; David Paul Morris/Bloomberg News

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Intel’s new chief executive Lip-Bu Tan told investors during the company’s “Intel Vision” conference that the chip giant has been “too slow to adapt.”

Intel’s New CEO Lip-Bu Tan Says Company Turnaround ‘Won’t Be Easy’ 

It was very hard for me to watch its struggle. I simply cannot stay on the sideline knowing that I could help turn things around. I also fully recognize it won't be easy. It had been a tough period for quite a long time for Intel. We fell behind on innovation. As a result, we have been too slow to adapt and to meet your needs. One of my top priorities is to retain and recruit top talents engineering, and that's empower, innovation and grow. I believe Intel has lost some of these talents over the years. Global demand for cheap production is growing, and you need supply change that are flexible, resilient, and secure. Intel Foundry play a crucial role. We will continue to advance our Foundry strategy to meet our needs.

Intel’s New CEO Says Company Turnaround ‘Won’t Be Easy’

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