Intel's newly appointed CEO, Pat Gelsinger, intends to restructure the company's chip foundry and AI chip business, potentially resulting in job cuts. According to foreign media reports on March 18, revamping the manufacturing division stands as one of Gelsinger's primary objectives. Historically, Intel's manufacturing arm has centered on in-house chip production. However, under former CEO Bob Swan, the foundry business was opened up to reshape the company's growth trajectory. Gelsinger's strategy represents an enhancement of Swan's approach, aiming to propel Intel back to its former glory.
