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Intel’s new CEO cut management layers in half. The stock is up nearly 500%

Posted on June 3, 2026
By Fortune
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1 min read

Intel’s new CEO cut management layers in half. The stock is up nearly 500%

When Lip-Bu Tan took over, Intel was drowning in debt and losing the AI game. In just 13 months, the new CEO has attracted capital infusions from Nvidia and SoftBank, and is closing in on a next-generation chip process.