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‘There are no quick fixes’: Intel’s CEO gives Wall Street a reality check about the chipmaker’s would-be turnaround

Fortune LogoFortune20h ago

‘There are no quick fixes’: Intel’s CEO gives Wall Street a reality check about the chipmaker’s would-be turnaround - Fortune

Quick Summary:

New CEO Lip-Bu Tan gave a broad outline of how he plans to revive the ailing chipmaking giant.

Ultimately, one analyst on the earnings call tried to pin Tan down about how long he thought his turnaround would take.One year? Two years? More?

Next year, the company expects reduce those expenses to $16 billion.

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‘There are no quick fixes’: Intel’s CEO gives Wall Street a reality check about the chipmaker’s would-be turnaround - Fortune (Picture 1)

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Article Details

Author / Journalist: Verne Kopytoff

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 23:39:42 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 642 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 161 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28201192

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About Fortune

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 36 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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  • URL: https://onderwijs.beamstart.com/news/there-are-no-quick-fixes-17455384491503

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