Intel’s new CEO cut management layers in half. The stock is up nearly 500%
Intel has undergone significant changes under new CEO Lip-Bu Tan, who has streamlined the management structure and sought to revitalize the company's performance. The stock has surged nearly 500% as Intel capitalizes on the growing demand for AI-related technologies. While challenges remain, including the need to produce cutting-edge chips, there are promising signs of a turnaround for the company.
- ▪Lip-Bu Tan became Intel's CEO in March 2025, marking the company's third leadership change in six years.
- ▪Tan cut Intel's management layers from 12 to six to foster a culture of transparency and accountability.
- ▪Intel's stock has increased nearly 500% due to strategic investments and a renewed focus on AI technologies.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/06/03/intel-ceo-lip-bu-tan-ai-semiconductors-innovation/ |
| Publication time | Wed, 03 Jun 2026 07:00:00 +0000 |
| Retrieval time | 2026-06-03T07:16:58.486Z |
| Last seen | 2026-06-03T07:16:58.486Z |
| Headline source | Publisher (no WeSearch rewrite) |
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Opening excerpt (first ~120 words) tap to expand
In the run-up to the iPhone’s launch in 2007, Apple cofounder Steve Jobs made a fateful decision: Apple would not turn to its partner Intel to make chips for the device, on the grounds that the firm was “really slow…like a steamship,” as Jobs put it. Apple would rely on up-and-comer ARM instead.Recommended Video Jobs’ decision helped set off a two-decade decline for an iconic Silicon Valley brand. The company was once so celebrated for its chipmaking innovations that hardware makers clamored to attach “Intel inside” stickers to their devices. But Intel went on to miss not only the mobile revolution, but the AI era, as competitors stole its market share. By early last year, it was unclear if Intel could remain a going concern. But then something remarkable happened.
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