Intel Launches Aggressive Turnaround Plan Under New CEO Lip-Bu Tan
Jun 13, 2025 (24 hr ago)
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Intel's new CEO, Lip-Bu Tan, has unveiled a comprehensive turnaround plan, including strategic operational overhauls and workforce restructuring.
Turnaround Plan and Operational Restructuring
- Intel has implemented a new policy to only pursue projects with a gross margin of 50% or higher, discontinuing others1
- The company is reviewing and potentially restructuring unprofitable deals with other companies1
- Intel has laid off 15,000 employees and restructured its leadership to streamline operations and refocus on engineering1
Xeon 6 Processor Gains Traction in AI and High-Performance Computing
- The Xeon 6 processor is experiencing strong demand in AI-driven workloads and high-performance computing due to its advanced features like built-in accelerators and Priority Core Turbo technology2
- Intel has been selected as the host CPU for NVIDIA's DGX B300 AI-accelerated systems, highlighting its growing influence in the AI sector2
Dual Strategy for Growth and Foundry Expansion
Financial Performance and Strategic Initiatives
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