The new CEO of Intel said that the company had recently failed expectations and had asked for comments on customers during its first public appearance since its care of the flea giant.
“We had been too slow to adapt and meet your needs,” said Lip-Bu Tan about customers on Monday during an Intel event in Las Vegas. “You deserve better, and we have to improve, and we will. Please, be brutally honest with us.”
The Keynote was the first of Tan since he took office as CEO on March 18. Tan has traveled the public through his education in Asia and in career stages and said that he had learned the importance of customer comments in his previous CEO role.
Tan’s appointment occurs after the old Sudden departure from the CEO Pat Gelsinger in December. Tan has more than 16 years of experience towards the electronics and design of Cadence systems and joined the Board of Directors of Intel in 2022, sitting on the Fusing and Acquisitions Committee. He left the board of directors in August, quoting “the requests for his time”.
Tan is the president of Walden International, a venture capital company, and sat on the advice of SoftBank Group and Hewlett Packard Enterprise.
Reversal plans
Tan on Monday also said that Intel would turn non -essential companies to improve its bandwidth. He did not specify which parts of the company could be deactivated. He also referred to the developments in robotic space.
“I love this business. It was difficult for me to watch it fight,” he said about to join Intel at this stage of his career. “I just can’t stay on the sidelines knowing that I could help turn around.”
Intel was the dominant flea manufacturer of Silicon Valley in the 2000s. But he lost ground NvidiaSamsung, and several Taiwanese and American players, lacking key technological developments such as the ascent of the iPhone and, more recently, arrows the demand for artificial intelligence. Companies such as Microsoft and Google have designed their own chips, more limiting Intel customers.
The Intel action course fell by almost 50% in 2024 as a company faces challenges, including billions of dollars in losses. Gelsinger responded with layoffs and buyouts.
In December, the company’s global director of operations described a similar strategic change: going from “no tranche left behind” to a state of mind “no capital left to minimize waste and prioritize efficiency.
Intel increased by 13% this year, partly because of the appointment of Tan as CEO and because of the information according to which the company could associate with the chiefs of chips Nvidia and Broadcom for manufacturing.
businessinsider
