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Former Intel CEO lays out radical plan to rescue the company — Suggests ousting Lip-Bu Tan and asks for $40 billion investment from Nvidia, Apple, and others
Craig Barrett was Intel's CEO for seven years.
He has warned that without urgent funding, Intel risks ceding critical ground to overseas rivals, which is an unprecedented fate since the company is crucial to America's contemporary semiconductor ambitions. Writing in Fortune, Barrett argued that Intel remains the sole US company capable of matching Taiwan’s TSMC at the leading edge—but lacks the capital to scale and modernize its production. (Image credit: Getty / Anadolu)Barrett’s plan hinges on two pillars: immediate investment in critical technologies like High-NA EUV and backside power delivery, and potential US tariffs on imported advanced chips to stimulate domestic demand.
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