1824 ET - Intel CEO Lip-Bu Tan is detailing aspects of his plan to return the company to chip-making leadership, after it fell behind in the global competition in recent years. While simplifying the company's management structure, Tan says on a call with analysts that he wants to revitalize Intel's engineering core and rebuild its engineering talent pool by promoting internal leaders, bringing back lost talent and recruiting new workers. The company will also implement a return to office policy in 3Q requiring in-person work at least four days a week. "I know firsthand the power of teamwork, and this action is necessary to re-instill a more collaborative working environment," Tan says. Shares fall 4.8% after hours. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 18:24 ET (22:24 GMT)
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