Bloomberg has detailed analysis This week, Intel CEO Lip-Boo Tan is trying to save one of Silicon Valley’s oldest and struggling chip makers. It’s worth a read, but it actually undersells the most shocking part of the story: Intel’s stock is up a staggering 490% in the past year, a bet from Wall Street that it could run well ahead of the company’s actual turnaround.
Tan, who took charge March last yearhas spent much of its first year restructuring – schmoozing rather than locking down sweet deal Aligning with Elon Musk, along with the US government (now Intel’s third largest shareholder) factory partnershipAnd reportedly has initial manufacturing agreements with both Apple and Tesla.
The basics are still wrong. Intel’s chip yields lag far behind industry leader TSMC, and employees told Bloomberg that Tan has been light on specifications internally, with some teams adjusting to missed deadlines rather than recovering from them.
But investors are betting big on the bigger picture. Whether it will be implemented or not is a billion dollar question.
