Intel CEO Pat Gelsinger announces plans for “hard but necessary decisions” to improve company’s performance. Meanwhile, trader Tim Guilfoyle expresses optimism for CEO Meng Tan’s potential to lead the company towards success. Intel faces challenges in the highly competitive tech industry, but remains determined to make strategic changes.

Read more at Yahoo Finance: Intel CEO outlines ‘hard but necessary decisions’; Trader Guilfoyle: CEO Tan ‘Has a Chance’