"Intel’s stock has tripled in twelve months. Its chief executive still has not told most of his employees what the plan is. Lip-Bu Tan, who became CEO in March 2025, has spent the first fourteen months of his tenure building relationships outside the company rather than restructuring the one inside it. He has won over Donald Trump, struck a partnership with Elon Musk, attracted interest from Apple, and turned the United States government into Intel's third-largest shareholder."
"The question is whether the relationships will produce the manufacturing execution that Intel has failed to deliver for a decade. More than a dozen current and former employees told Bloomberg that Tan has not widely explained his specific plan to fix products and manufacturing. The fundamental problems remain: Intel needs products that can win back lost market share, and manufacturing that is good enough to convince rivals to pay billions for access to it. Neither is guaranteed."
"The US government invested 8.9 billion dollars in Intel in August 2025, acquiring a 9.9 per cent stake at 20.47 dollars per share that is now worth approximately 36 billion dollars. The deal, which combined CHIPS Act grants with a secure chip programme investment, made the federal government a major Intel shareholder. It followed a White House meeting in which Tan turned a public confrontation with Trump into an agreement, reportedly calling on Michael Dell and other industry figures to vouch for him."
Intel’s stock has tripled in twelve months, reaching record levels after Lip-Bu Tan became CEO in March 2025. The early period of leadership focused on building relationships outside the company rather than restructuring internally. Tan has gained support from Donald Trump, formed a partnership with Elon Musk’s ecosystem, attracted interest from Apple, and secured major investment from the US government, which became Intel’s third-largest shareholder. Despite the momentum, employees report that Tan has not widely explained a specific plan to fix products and manufacturing. Intel still needs competitive products to regain market share and manufacturing capabilities strong enough to persuade rivals to pay billions for access, and neither outcome is guaranteed.
Read at TNW | Finance
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