Intel not among top 10 chip firms, says new CEO Lip-Bu Tan

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Intel’s new chief, Lip-Bu Tan, has told employees that the company is no longer among the world’s top 10 semiconductor firms, as reported by OregonLive.

This comment comes as Intel laid off 500 employees recently in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipmaker’s staff. The company is also facing growing pressure from rivals like Nvidia, TSMC, and AMD.

“20, 30 years ago, we were really the leader,” Tan said during a global employee meeting, the report added. “Now I think the world has…



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Intel not among top 10 chip firms, says new CEO Lip-Bu Tan



Intel’s new chief, Lip-Bu Tan, has told employees that the company is no longer among the world’s top 10 semiconductor firms, as reported by OregonLive.

This comment comes as Intel laid off 500 employees recently in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipmaker’s staff. The company is also facing growing pressure from rivals like Nvidia, TSMC, and AMD.

“20, 30 years ago, we were really the leader,” Tan said during a global employee meeting, the report added. “Now I think the world has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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