Ripu Tan, the newly appointed CEO of Intel, who is struggling in the mire of poor performance, is expected to announce Intel's new vision on the 31st as his first move in public. Notably, it is anticipated that CEO Tan will present the mid- to long-term roadmap for 'A New Intel' at this event.
According to U.S. economic media CNBC and others on the 29th (local time), Intel will hold the 'Intel Vision' conference in Las Vegas from March 31 to April 1. At this event, Intel will seek innovation opportunities across computing for global customers and partners and facilitate collaborations to shape the future of the industry.
CEO Tan will have his debut stage targeting customers and partners. He will present on Intel's future and vision through a keynote speech titled 'A New Intel.' The keynote is reported to include details of Intel's review of selling some businesses amid management difficulties, which has drawn attention.
Taiwan's TSMC, the world's largest foundry (semiconductor contract manufacturing) company, has proposed joint investment in Intel to U.S. semiconductor corporations like AMD, while Broadcom is reportedly closely reviewing Intel's chip design and marketing institutional sector.
CEO Tan took over the reins of Intel following Pat Gelsinger, who resigned last December. Gelsinger, who took office in 2021, had ambitious plans to transform the company into a foundry business producing not only its own products but also chips for other companies. However, performance has continued to be poor, and particularly in August of last year, Intel reported its worst performance in history, losing market trust.
With CEO Tan’s appointment, Intel is also restructuring its board of directors. Intel announced that three directors, including Chujai King Liu, dean of the College of Engineering at the University of California, Berkeley, are expected to retire at Intel's annual meeting in May. Frank Yeary, chair of Intel's board, noted in a letter to shareholders that 'Intel is committed to maintaining a board of directors with the right technology, qualifications, and expertise.'
He continued, 'As Ripu Tan has newly joined, we are thoroughly reviewing our business strategy to improve profitability by leveraging many strengths of Intel and gradually investing to gain proportional revenue.'