Semiconductor Giant Intel hired Semiconductor Veteran Lip-bu is Tor to be its new CEO. This news comes three months after Pat Gelsinging Retired And goes down from the company board, with Intel CFO David Zinsner and Executive Vice President of Michelle Johnston Holthaus relations with co-ceos.

Tan, Who is most recent with CEO of Cadenent design systems, joined Intel – and enjoy the board – in a fascinating time in the Silicon Valley company. Intel sees the fair part of UPS ands for the past few years – to put this gentleness.

When Gelsinger brought the helm of February 2021, Intel was struggling and fell behind the peers of the semiconductor race. During the period, the company is likely to turn from Lost in Smartphone Revolution In addition to misters to arrive at CCHIP Figuration.

It is also an interesting time for the semiconductor industry in large. The sector sees many new equations in the late 2020, including AMD get Xilink to $ 35 billion and The purchase of analog maxim to $ 21 billion, and so on.

So how’s the latest Gelsinger Tenure on Intel? Let’s see.

Gelsinger got a right to work when he started. He announced a modernization manner for the company, Dubbed IDMor to integrated device production. The first part of the goal is a $ 20 billion investment to build two new chip making facilities in Arizona, with plans to enhance the US chip production and forward.

In 2022, the company announced the second part of this IDM plan, involving a three pronged method of making chips: Fort-party company manufacturers. As part of this plan, the company announced that it Earn Tower SimpicDuctor For $ 5.4 billion to help build customized services to intel customs.

That deal falls, however, after dealing with rough regulations. It canceled in the summer of 2023. At the time, techcrunch reported that the aggregate does not undergo an intense impact on company’s modernization plans. In September 2024, Intel steps to move The Chip Soctry DivisionIntel Forry, in an independent subsidiary.

The time leading gelsinginger retirement is more messy for Intel. Company stock price reduced about 50% from the beginning of 2024 to leave Gelsinger in December. Intel announced plans to stop 15% of its workersAbout 15,000 people, in August after dismal results in the second quarter. At that time, Gelsinger said the company struggled to capitalize on the AI ​​Boom with the same opponents, and that fell behind, Intel extended the headcount.

At the time since Gelsinging leave, the company has Delayed opening at the Chip factory in this ohoice – again – and decided not to carry it Falcon Shores Ai Chips on the market.

But as tan Take the lead, things can start going in the right direction. Intel finalalized an agreement with the US Department of Commerce receives a $ 7.865 billion grant for domestic semiconductor manufacture through US chips and science work; Intel has been received $ 2.2 billion given in moneyAccording to the sum of the fourth quarter of income. The company also managed to win a victory if it is popular with the ARC B580 graphics card, which is sold after Positive reviews early.