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Lip-Bu Tan's strategy includes restructuring AI operations and addressing inefficiencies within the company's management structure.

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Shares of Intel, Monday's biggest Nasdaq gainer, are extending their increases in premarket trading as CEO Lip-Bu Tan begins his role at the helm of the struggling chipmaker.

The new trajectory includes restructuring the company's approach to AI and staff cuts to address what Tan views as a slow-moving and bloated middle management layer ...

Tan is allegedly looking to make staffing cuts and sweeping changes to the company's AI and chip manufacturing strategies.

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