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As Intel welcomes a new CEO, a look at where the company stands
Lip-Bu Tan replaces Pat Gelsinger as Intel's CEO after Gelsinger's retirement and a period of co-CEOs. Gelsinger's tenure involved a modernization plan including investments in new chip manufacturing facilities and a three-pronged approach to chip manufacturing. However, Intel faced challenges, including a declining stock price, layoffs, and difficulties capitalizing on the AI boom, leading to delays in factory openings and discontinued AI chip projects.
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