Intel's New CEO: Lip-Bu Tan
Intel's new CEO, Lip-Bu Tan, made a major move and completely changed the company's outlook. He gave $5.7 billion to the US government to become the company's largest shareholder.
Meeting with #TRUMP
President Trump accused him of having ties with #china . However, in the Oval Office meeting, Tan responded directly. He explained his background and decided to give equity to the government. This led to a massive deal.
Changes Within the Company
Tan acted swiftly. He laid off 15% of the staff, particularly managers. He started direct conversations with engineers. He asked major customers what they needed.
America's Support
This deal is not just about money, it's also #political . America wants to bring the chip business back home. Following this, #SoftBank also invested $2 billion.
The Future
Intel's share has increased by 80%. Now, it remains to be seen whether it will be able to reach giants like Nvidia or not.