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Intel CEO Lip-Bu Tan admits company is no longer a top 10 chipmaker
Tan, who took the helm in March following the departure of Pat Gelsinger, did not mince words about the company's diminished standing. Speaking to staff in a...

Intel, once the undisputed titan of the semiconductor world, is confronting a sobering new reality under the leadership of its recently appointed chief executive, Lip-Bu Tan. In a candid address to employees this week, Tan acknowledged that the company has slipped far from its former position at the top of the global chip industry.
"Twenty, 30 years ago, we are really the leader," Tan told employees. "Now I think the world has changed. We are not in the top 10 semiconductor companies."
Despite the grim assessment, Tan insisted that Intel's turnaround is possible, though he cautioned it would be a "marathon" rather than a sprint. The layoffs, he explained, are part of a broader effort to make Intel more agile and responsive, similar to its competitors, such as Nvidia, Broadcom, and AMD. Tan called on employees to embrace humility and to focus on listening to customers and adapting to their needs.
This is an impressive fall from grace for Intel, but at least the current CEO has no illusions of grandeur and knows things are bad and require a lot of work to improve.