Intel CEO Lip-Bu Tan Urges Customers for Honest Feedback

In his inaugural address as Intel's CEO, Lip-Bu Tan emphasized the need for honest customer feedback to help revitalize the struggling chipmaker. During the Intel Vision 2025 event in Las Vegas, Tan acknowledged that the company has fallen short of expectations and pledged to work closely with engineers to foster innovation. He aims to eliminate what he perceives as a bloated management structure to empower engineers and attract top talent back to the company. Tan highlighted the importance of adapting to market demands, particularly against stiff competition from rivals like Nvidia. He also hinted at potential restructuring plans, though specifics on divestitures were not provided. Tan's leadership comes after the departure of former CEO Pat Gelsinger, amidst a pressing need for Intel to regain its competitive edge in the semiconductor industry.