Intel's New CEO Plots Turnaround; 'We Need to Improve' Dow Jones Newswires March 31, 2025 06:30:00 PM ET
Intel has a lot of hard work ahead, Chief Executive Officer Lip-Bu Tan said.
Tan, who was named as the beleaguered semiconductor company's new CEO earlier this month, said early conversations with customers have taught him that Intel strayed too far from the industry's needs and fell behind its competitors when it came to innovation.
"We need to improve," he said Monday during his keynote address at the Intel Vision conference in Las Vegas. "And we will."
Moving forward, the Santa Clara, Calif., chip maker plans to double down on innovation, focusing primarily on its core businesses, which Tan said can be improved through the use of artificial intelligence and new softwares.
"We will redefine some of our strategy and free up the bandwidth," he said. "Some of our non-core business--we will spin it off."
Intel's lean into AI will also include humanoid robotics, which Tan said has the ability to redefine manufacturing in the future. The company additionally needs to regroup its existing pool of workers, while attracting new talent with a clear vision for the future.
Intel, which used to be one of Silicon Valley's biggest innovators, has lost market share and struggled to execute a strategy to keep up with other chip makers. Its stock has lost nearly half its value over the past year, underperforming both the market and its competitors, though deal speculation has helped push shares up so far this year.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires March 31, 202518:30 ET (22:30 GMT) Copyright (c) 2025 Dow Jones & Company, Inc.
Their chip quality has been taking a nosedive. AMD has been a joke for decades but they have overtaken Intel in quality and not by a little bit.
I wish Butt Lip all the best.
AMD is fucking Intel in the ass and taking their lunch money. Period.
You needed "early conversations with customers?" I'd have loved to have been in those meetings. What the fuck is there to say? "Your chips are dogshit, P.e was retarded, the whole stack costs too much, and you gave away NUCs while keeping video cards. My 12 year old cousin could have told you any of this. Quit bothering us. We're busy."
This guy is an empty suit.
They're fucking dead. Sell INTC and short everyone who went long. This is the last gasp of the thoughtless. Typical for a "chinese American businessman."
What the murdering fuck?
Chooker Van Tan is finally going to drive the Titanic into the iceberg. Good luck to the "existing pool of workers." Those are about to be some cold fucking waters.
Yeah, if you need to use AI to design microchips you don't have smart enough people working for you.
Best take. Lol
Redefine into shit? Manufacturing is the area where humanoid robots make the LEAST sense. Humanoid robots are useful when you need a robot to operate in an existing environment designed for humans. In a factory, you can control the entire environment. Application-specific automation will always beat humanoid robots.
The only caveat is if they somehow became cheap enough because you can do the design once and stick them everywhere, whereas a task-specific machine needs to be designed per-task. I suppose they're more interchangeable as well, but they're still shit for scale.
A humanoid robot can be trained just by watching a person do the job, like Google's AI robot (although most of their PR video was faked).
That takes all the cost out of it other than the robot.
The robots aren't up to it yet, but that's the theory anyway.
Boston dynamics had a demo on YT of their newer all electric humanoid robot, doing some things in a factory. If you compared it to a human it's not impressive at all, but it's at least better than previous androids.
Compare this: https://www.youtube.com/watch?v=AL4mbWb2NkI?t=20
With this: https://www.youtube.com/watch?v=ssZ_8cqfBlE
Building new workflows around purpose-built robots is so much more efficient.
Did Intel qualify for the CHIPS Act funding which requires extremely high amounts of DEI hires to be eligible? I thought that they had, or tried, and were unable to find enough qualified people to hire.
Intel was totally into woke feminist trash at the start of Gamergate 1. They were one of the prime funders of the literally whos. Get woke go broke