Intel's new CEO, Steve Chen, appears ready to turn around the troubled company. The semiconductor giant's new executives are considering an overhaul of the company's chip manufacturing and artificial intelligence strategy, including cutting middle managers and revamping the company's chip manufacturing methods, Reuters reported.
Chen Liwu reportedly told company employees that he needed to make "tough decisions" to get the company back on track.
Chen, who was announced as Intel's new CEO last week, rejoined the company on Tuesday after quitting Intel's board of directors in August 2024 due to conflicts with former Intel CEO Pat Gelsinger.
Intel officials declined to comment.