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RE: LeoThread 2025-03-29 04:21

The shake-up comes after Intel named Tan to lead the struggling chipmaker earlier this month, replacing Pat Gelsinger, who left the company in December. Intel shares are down nearly 49% over the past year, driven by concerns about the company's spending on new chip factories and its minuscule market share in chips for artificial intelligence.

Tan will speak publicly next week at the company's Intel Vision event in Las Vegas. He is expected to address a ballroom of enterprise technology executives about the future of Intel. The talk is titled "A New Intel."

Intel is committed to having the right mix of "skills, qualifications, and technical expertise" on its board of directors, board chair Frank Yeary wrote in a letter to shareholders.