April 21 - Intel (NASDAQ:INTC) is banking on a leadership reset to help revive its battered fortunes after shares dropped 45% over the past year, weighed down by a weak position in artificial intelligence infrastructure and mounting foundry losses.

Last month, the company appointed tech veteran Lip-Bu Tan as CEO. A former chief executive of Cadence Design Systems and ex-board member at Intel, Tan is steering efforts to refocus on AI chips and streamline the company's operations.The GPU development efforts of Intel have shown minimal market performance. Following the cancellation of its Falcon Shores GPU, Intel started developing Jaguar Shores, which focuses on AI inference operations and high-performance computing. Competing with Nvidia (NASDAQ:NVDA) and its CUDA platform and extensive AI ecosystem is still an immense challenge for Intel.On the foundry side, Intel is facing steep losses. The segment posted a $13.4 billion loss in 2024, with revenue falling 7%. Despite speculation about a spinoff, regulatory restrictions tied to CHIPS Act funding make a full separation unlikely.Separately, Intel agreed to sell a 51% stake in its Altera unit to Silver Lake for $4.46 billion, valuing the business at $8.75 billion, nearly half the $16.7 billion it paid in 2015.The changes and sales hope to help Intel's stock improve, but it could still take some time to recover.