In his inaugural address as Intel's CEO, Lip-Bu Tan recognized the company's ongoing struggles with innovation and competition, particularly in AI and chip design. He stressed the importance of customer engagement and outlined his priorities, including revitalizing Intel's offerings to outperform rivals like Nvidia. Tan admitted the company fell short in achieving revenue targets and acknowledged customer dissatisfaction with current products. His vision includes delivering a competitive AI platform, focusing on efficiency and performance, though he cautioned that changes would take time.
It has been a tough period for quite a long time for Intel. We fell behind on innovation. As a result, we have been too slow to adapt and to meet your needs.
My number one priority since my first day on the job, has been spending time with customers. It is very clear from the early conversation, we have a lot of hard work ahead.
I'm not happy with our current position. I know that you are not happy either. I have heard the feedback loud and clear. It's time to turn a new page.
If Tan has his way, Intel's future systems will outperform rival products, sell for less, and use less energy.
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