Intel's new CEO Lip-Bu Tan wants to revamp chipmaking, cut jobs: report
1. Incoming CEO Lip-Bu Tan plans to revamp Intel's chipmaking operations. 2. Tan aims to streamline processes and cut middle-management jobs. 3. Intel faces a $19 billion loss in 2024 amidst competition with AMD and Nvidia. 4. Company will shift focus toward producing more AI chips for external customers. 5. Tan's leadership promises tough decisions for a more aggressive approach.