Intel CEO Commits to Controversial Foundry Strategy

Reported about 9 hours ago

Intel's new CEO, Lip-Bu Tan, has confirmed his intention to pursue the company's contentious plan to function as a chip foundry for external clients, despite the challenges faced by his predecessor. Tan aims to reposition Intel as a leading manufacturing firm, although the company has struggled with its foundry business amid competition from Taiwan Semiconductor Manufacturing Co. He emphasizes a commitment to learn from past mistakes while stressed the importance of producing superior products to regain investor confidence.

Source: YAHOO

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