Intel hires engineering executives to focus on AI and SoC innovation in turnaround effort.

From Quiver Quantitative: 2025-06-19 01:48:00

Intel CEO Lip-Bu Tan is restructuring the company with the addition of three engineering executives focused on AI and SoC innovation. The goal is to streamline operations, enhance customer relationships, and expand foundry services. The new hires bring expertise from Cadence, Rain AI, and Google, signaling a shift towards engineering-driven innovation. Market overview shows Intel pivoting towards AI and foundry business for growth. The board reshuffle reflects a focus on semiconductor industry expertise. The restructuring aims to boost investor confidence in Intel’s turnaround and regain technological leadership in critical markets.



Read more at Quiver Quantitative: Intel (INTC) Hires Top Engineering Execs in CEO Tan’s Aggressive Turnaround Effort