April 8 - Intel (NASDAQ:INTC) is trying to spark a comeback, and its new CEO, Lip-Bu Tan, says it starts with culture. Speaking at last week's Vision 2025 event, Tan laid out a plan to bring back innovation and trust to a company that's lost its edge.
Tan didn't sugarcoat Intel's struggles. He pointed to an erosion of engineering talent, fading innovation, and growing distance from customers. His fix? A day-one startup culture mindset. That means listening more, hiring better, and potentially spinning off side businesses that aren't core to Intel's future.
The bigger picture includes a sharper push into artificial intelligence and data centers, two areas where Intel has fallen behind rivals like Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). The company showed off AI work with partners like Zoox, EdgeRunner AI, and Softec, highlighting its tech in autonomous driving, military systems, and healthcare.
Intel also gave an update on its 18A manufacturing process, saying it's moved into risk production, a key step as it ramps up chip output.
Shares of Intel were down 2% on Tuesday afternoon.
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