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[Lip-bu Tan To Steer Intel's AI And Manufacturing Overhaul Amidst Financial Losses] Lip-bu Tan Is Set To Return As Intel's CEO, Planning Significant Changes To The Company's AI Strategies And Chip Manufacturing, Including Potential Staff Cuts And Aggressively Pursuing New Customers For Intel Foundry, Which Makes Chips For Companies Such As Microsoft And Amazon. This Move Follows Intel's $19 Billion Loss In 2024 And Aims To Improve Performance At Its Manufacturing Arm And Regain Market Share In AI Chips, Potentially Attracting Large Clients Like Nvidia And Google. Tan Aims To Make Intel's Existing Manufacturing Operation Work In The Short Run And Improve Chip Manufacturing Process For Potential Customers.
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