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Intel’s CEO: ‘We are not in the top 10’ of leading chip companies

New CEO Lip-Bu Tan told staff in leaked message today that Intel is not in the top 10 semiconductor companies as thousands faced layoffs amid severe technical and financial challenges.
Technological setbacks over the past decade, combined with $16 billion in losses and losing market share to AMD’s EPYC, fueled Intel's decline and operational struggles.
Intel's market value halved to around $100 billion, with 529 Oregon layoffs planned and contractor numbers at Kiryat Gat dropping from 5,500 to 2,000, freezing the $25 billion plant expansion.
In response, Tan emphasized a focus on edge AI and shrinking Intel to boost agility, framing layoffs as part of a marathon effort to regain competitiveness amid market declines.
Intel plans to launch 18A next year and shift to 14A by 2027, while Nvidia's valuation exceeds $4 trillion, highlighting industry competitiveness challenges.

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The Express Tribune

Center

Intel CEO admits it's 'too late' to be competitive with AI rivals

Intel’s recent struggles in the highly competitive semiconductor market have come to a head, with the company’s CEO, Lip-Bu Tan, claiming that the company has fallen behind in the AI race. According to Oregon Tech, Tan confirmed internally that Intel is no longer a contender among the top 10 semiconductor companies, marking a stark contrast to its previous dominance in the industry. Intel has faced significant setbacks over the past few years, w…

8 hours ago·Pakistan

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PC Mag

Lean Left

Intel's New CEO: We're Not a Chip Leader Anymore — in Market Value

Intel's new CEO Lip-Bu Tan also reportedly told employees it's too late for the company to catch up with Nvidia in the AI GPU market.

21 hours ago·United States

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SF Chronicle

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Intel slashes 584 California jobs as CEO says company is no longer a top chipmaker

Intel is cutting hundreds of jobs in California as part of a sweeping global downsizing. CEO Lip-Bu Tan admits the once-dominant chipmaker has fallen behind.

21 hours ago·San Francisco, United States

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The Register

Center

Intel CEO reportedly comes to terms with chipmaker's fall

Comment: Not even in the top 10, CEO Lip-Bu Tan reportedly tells employees

1 day ago

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The Oregonian

Center

Intel’s CEO: ‘We are not in the top 10’ of leading chip companies

"I think is too late for us" to catch up with Nvidia's position in AI, said Lip-Bu Tan. But he said Intel has other opportunities in the field.

2 days ago·Portland, United States

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CRN

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