Intel’s future uncertain as new CEO grapples with Trump’s policies

The Biden administration pumped billions of dollars in grants into Intel under the Chips act to try and support its chase to get back to its global position in the semi-conduct race

Reviving Intel’s chip-fabricating operations is probably the most difficult part of Tan’s job. Picture: Joe Dunne/Photocall

Intel announced the end of its search for a new CEO with the hire of Lip-Bu Tan last week, giving a boost to the share price after years of heavy losses.

Lip-Bu Tan will be tasked with reviving the company’s fortunes after it missed out on the artificial intelligence-driven semiconductor boom while ploughing millions into their Leixlip Plant, the largest outside the US. Intel has been losing out to competitors and significantly, has been behind in the AI chip race over the past few years.