Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Intel\u2019s new chief executive has promised a major \u201cculture change\u201d at the US semiconductor group, saying he will prioritise attracting talent, building relationships with customers and slashing bureaucracy. Speaking at a company conference in Las Vegas on Monday, Lip-Bu Tan also said Donald Trump\u2019s administration is prepared to help Intel as the federal government seeks to maintain US semiconductor leadership.Tan, a longtime investor in the sector and former CEO of chip software company Cadence, was appointed to lead Intel earlier in March. His appointment followed a four-month search for a successor to Pat Gelsinger, who the board ousted in December.\u00a0Tan said his top priority would be \u201cto recruit some of the best talent in the industry to come back or join Intel\u201d, combined with a new culture of innovation that would see Intel act like a \u201cday-one start-up\u201d. \u201cBureaucracy kills innovation,\u201d he warned in his first public speech as CEO.Intel has slashed some 15,000 employees since it announced cost-cutting measures in August as part of a plan to revive its fortunes. The group will also spin off some \u201cnon-core businesses\u201d, Tan said, while reiterating the company\u2019s commitment to remaining in the chip manufacturing business, which some investors have called on it to divest.Tan said he was committed to building a \u201cgreat foundry\u201d, noting it would require him to foster relationships with \u201ctwo or three very important customers\u201d. Intel, he said, would \u201cdepend on them to help us\u201d.Tan did not name the customers, but the likes of Nvidia and Apple have yet to commit to Intel as a manufacturing partner.The Trump administration has also explored options for helping Intel, and Tan said he would reach out to them for help.\u201cThey are asking me: what can we help [with]? And definitely I will come to get their help to do what we need to do,\u201d Tan said.Gelsinger\u2019s departure last year marked a deepening crisis at the group, as it struggles to compete with Taiwan Semiconductor Manufacturing Company in the manufacturing business, while lagging far behind rivals Nvidia and AMD in the artificial intelligence chip design space. Intel\u2019s shares have dropped 49 per cent over the past year. Tan said he was \u201cnot happy\u201d with the company\u2019s current position in the AI data centre chip space and that it would learn from \u201cpast mistakes\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Intel\u2019s new chief executive has promised a major \u201cculture change\u201d at the US semiconductor group, saying he will prioritise attracting talent, building relationships with customers and<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-259517","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/259517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=259517"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/259517\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=259517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=259517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=259517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}