Intel results to spotlight new CEO Tan's strategy to reverse years of missteps [Yahoo! Finance Canada]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance Canada
The company is set to post its fourth consecutive quarterly revenue drop on Thursday. Once the dominant force in global chipmaking, Intel has been losing ground to AMD in the personal computer and data center chip market, while Nvidia has leaped ahead in artificial intelligence. Tan, who quit Intel's board in August 2024 after disagreements over the firm's direction, took over as CEO in March. "The most important thing for Intel now is Lip-Bu Tan's playbook... How he can give investors confidence that he is the person who can turn Intel around and whether a turnaround is possible in the first place," said Hendi Susanto, portfolio manager at Gabelli Funds, which holds Intel shares. Tan has already started flattening Intel's leadership structure, with key chip groups now reporting directly to him, Reuters reported last week. Streamlining operations is seen as a central part of his strategy to refocus Intel's business and free up cash for costly investments in chip manufacturing
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