Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time.

After all, Lip-Bu Tan is not just tweaking the playbook for Intel stock – he’s rewriting it! Since stepping into the role in March 2025, Lip-Bu Tan has initiated a sweeping transformation that diverges sharply from the expansive, capital-heavy strategy of his predecessor, Pat Gelsinger.

Intel stock was down sharply Friday after the chip maker reported better-than-expected revenue but failed to resolve doubts about its future in chip manufacturing. “Over the past several years, the company invested too much,

Despite beating second quarter revenue expectations, the tech company faces analyst discomfort over its layoffs and possible manufacturing cancellations.

Intel shared some grim news this week when it reported its Q2 results. CEO Lip-Bu Tan’s turnaround efforts appear to be gaining traction, with Intel bringing in higher-than-expected revenue this quarter.

Intel's headcount will shrink to around 75,000 by year's end, a reduction driven by both layoffs and attrition.