Navigation
Search
|
Intel CEO Lip-Bu Tan Says Company Will Spin Off Non-Core Units
Tuesday April 1, 2025. 02:36 AM , from Slashdot
![]() 'We have a lot of hard work ahead,' Tan said, addressing the company's customers in the audience. 'There are areas where we've fallen short of your expectations.' The veteran semiconductor executive is trying to restore the fortunes of a company that dominated an industry for decades, but now finds itself chasing rivals in most of the areas that define success in the field. A key question confronting its leadership is whether a turnaround is best served by the company remaining whole or splitting up its key product and manufacturing operations. Tan gave no indication that he will seek to divest either part of Intel. Instead, he highlighted the problems he needs to fix to get both units performing more successfully. Intel's chips for data center and AI-related work in particular are not good enough, he said. 'We fell behind on innovation,' the CEO said. 'We have been too slow to adapt and meet your needs.' Read more of this story at Slashdot.
https://slashdot.org/story/25/04/01/0036239/intel-ceo-lip-bu-tan-says-company-will-spin-off-non-core...
Related News |
25 sources
Current Date
Apr, Wed 2 - 16:57 CEST
|