On October 28th, reports surfaced indicating that Intel's CEO, Pat Gelsinger (assuming "Chen Liwu" is a mistranslation or misnomer, as the well - known Intel CEO is Pat Gelsinger), is dedicated to realigning the beleaguered chip behemoth. The aim is to tackle the challenges stemming from complacency and poor management through a renewed focus on engineering. Gelsinger, who took the helm at Intel in March of this year, posits that the company's fall from its once - dominant position in the semiconductor market can be attributed to an "overly complex management structure with too many layers."

Gelsinger pointed out that Intel enjoyed immense success two to three decades ago, and this very success was a major factor in his decision to join the company and spearhead reforms. He has a keen eye on the opportunities presented by the artificial intelligence (AI) sector, as well as Intel's fledgling foundry business. In a notable development, Gelsinger disclosed that after presenting Intel's strategic plans to U.S. President Trump, he managed to convince the president to make an investment.