Intel Corp. (Intc) announced new additions to his leadership group in order to overthrow his slide and stage a return to the AI fleas offers.
Intel shares jumped 3% after the announcements.
New executives
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Intel has announced several important additions to its management team. Greg Ernst, a sales leader with more than two decades of experience in the company, has been appointed new income director.
In addition, Intel extends its engineering leadership with the arrival of Srinivasan Iyengar, Jean-Didier Allegrucci and Shailendra Desai, who join crucial engineering roles.
Srinivasan Iyengar was appointed main vice-president and colleague. As such, he will run a new center of excellence for customer engineering and will join the Intel management team.
Iyengar previously served at Cadence Design Systems, where he was responsible for global silicon engineering.
Jean-Didier Allegrucci is now vice-president of the AI system on Chip (SOC) Engineering. Its role will be involved in supervising the development of various crucial sociale for future Intel initiatives.
Allegrucci spent 17 years in Apple, where he managed the development of more than 30 SOCs used in many flagship products of the company.
Shailendra Desai was appointed vice-president of the fabric and networking of the AI.
It will make the iron of the creation of advanced SOC architectures for GPU AI of Intel and future roadmap plans.
DESAI comes to Intel de Google, where he directed silicon engineering, architectural design and platform solutions for several mobile sockles.
Leadership changes, job cuts
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Leadership changes are among the measures taken by the new CEO, LIP-BU Tan, to change the business.
Since he assumed the role of CEO in March, Mr. Tan has prioritized the revitalization of the engineering capacities of the flea manufacturer.
He underlines that Intel must develop superior products more closely aligned with customer requirements.
At the same time, the executive also described the plans to reduce the workforce and rationalize the management structures.
One of the urgent concerns for the company is to reinvent its AI chips, which so far has failed to compete with Nvidia products.
The company must also find more customers for its substantial factory infrastructure.
Intel would have planned to reduce 20% of its workforce, as Bloomberg reported.
The company also seeks to suppress its operating costs to $ 17 billion in 2025 and $ 16 billion in 2026.
Intel in its first quarter results in April declared figures that beat market expectations.
The flea manufacturer had declared a turnover of $ 12.67 billion against 12.3 billion dollars expected.
However, the company had given low orientations for the second quarter, citing a low demand due to the growing uncertainty of global demand for semiconductors, which, according to society, could trigger a broader economic slowdown.
Intel shares have gained 6% during the year to date, currently beating 5% Nvidia growth during the same period.
