Intel’s new CEO has promised a radical overhaul at the company, dubbed “cultural change”, aimed at boosting innovation and competitiveness in the competitive chip industry. The move follows the departure of long-time CEO Bob Swan, who will remain involved as a board member. Intel has been facing increasing pressure from rivals like AMD and NVIDIA to improve its manufacturing capabilities and meet growing demands for 5G and AI chips.
Source: https://www.ft.com/content/bb433b2e-c236-46e7-8342-c92562c3431f