- Intel CEO discusses the company’s future at the vision conference
- Non -basic assets and add more engineers are a priority
- Tan wants to listen to clients, but “it will not happen overnight.”
The new CEO of Intel and his successor to Pat Gelsiner, Lip-Bu Tan has announced plans to overcome the non-essential units to address the company’s recent conflicts.
Tan stressed that there will be no quick solution, adding that his first week as an executive meeting with clients revealed that Intel had been less than their expectations.
“I hope you are honest with us,” he said at the event of seeing the chips maker in Las Vegas.
Lips announce long -term plans for Intel
Tan also revealed how Intel could become smaller, with more direct participation than engineers after losing its position in the dominant market on competitors such as NVIDIA and AMD.
At the front of the artificial intelligence chip, the company is very backward from NVIDIA, which spent some time as a company in the world most valuable with the maximum market for more than $ 3 trillion.
Tan is discussing plans to employ more engineers and give them “freedom of innovation from the inside” (across Reuters).
The CEO also wants to be more responsive to the needs of customers – the creation of the semiconductors will be designed according to the customer specifications from these methods.
In this event, Tan also referred to plans to overcome the non-essential Intel assets to focus on basic operational strategies-there are no current plans to divide Intel products and manufacturing units.
Intel rose on the days between the advertisement and the appointment of Tan, but it gradually faded again. The shares also decreased by 1.2 % after the conclusion of these statements at the vision conference this week, and they sought more uncertainty and a potential decrease in confidence.
“This will not happen overnight, but I know that we can get there,” he added.