Intel's new CEO, Lip-Bu Tan, presented the company's vision for 2025 at a Las Vegas event, emphasizing a renewed focus on core businesses, improved internal structures, and a return to growth. This follows a challenging year with significant losses, particularly within Intel Foundry.
Tan stressed the importance of Intel Foundry, highlighting its role in the company's future. He also announced plans to divest non-essential businesses and attract top talent.
Intel faced significant losses in 2024, leading to layoffs and questions about the future of Intel Foundry. The article mentions discussions around a potential joint venture with TSMC, which might involve the transfer of Intel Foundry operations. It also highlights opposition from former Intel executives who proposed an alternative restructuring.
The article mentions Intel's Costa Rican plant, which has been operational for 29 years, and implies it will remain a key part of Intel's operations under the new strategy, although no specific plans are detailed for the facility.
Tan's message is focused on long-term growth and rebuilding trust, despite the significant challenges facing Intel. His strategy involves a mix of internal restructuring, investment in key areas, and potential strategic partnerships to achieve long-term success.