Source: New York Post
Intel’s incoming chief executive plans to revamp the embattled tech giant’s chipmaking operations and slash jobs to better compete with industry rivals, according to a report. Lip-Bu Tan, a former Intel board member who takes over Tuesday, will be focused on streamlining Intel’s manufacturing process to churn out more AI chips for clients like Nvidia, sources with knowledge of his thinking told Reuters. His plans also include staff cuts to the firm’s bloated middle-management layer, which he has argued slows down Intel’s decision-making process, the report said.
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