Intel CEO Vows to Refocus on Chipmaking Amid AI Push and Political Pressure

Intel CEO Lip-Bu Tan has pledged to overhaul the company, refocusing its efforts on Core chip manufacturing rather than bureaucratic processes. Speaking at the Future Investment Initiative in Riyadh, Tan acknowledged Intel's historical dominance but admitted the company has drifted. His strategy hinges on artificial intelligence and revitalizing Intel's foundry business—a direct challenge to Taiwan's TSMC.

Intel lags significantly in foundry operations, and Tan recognizes the uphill battle. "This isn't about speeches," he said. "It's a long repair job." The semiconductor industry moves rapidly, and Intel's inability to keep pace has drawn scrutiny from investors and policymakers alike.

Tan's tenure has been marked by external pressures, including calls from former President Donald TRUMP for his resignation due to past investments in China. Tan addressed these concerns directly, clarifying that the investments predated his Intel role and were made during his time in Singapore.