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Intel Board Member Quit After Differences Over Chipmaker's Revival Plan
An anonymous reader shares a report: The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company's bloated workforce, risk-averse culture and lagging artificial intelligence strategy,...
Lip-Bu Tan, a semiconductor industry veteran, had said he was leaving the board because of a personal decision to "reprioritize various commitments" and that he remained "supportive of the company and its important work," in a regulatory filing on Thursday. Over time, Tan grew frustrated by the company's large workforce, its approach to contract manufacturing and Intel's risk-averse and bureaucratic culture, according to the sources, who were not authorized to speak publicly. Tan leaves as the company endures one of the bleakest periods in its five-decade history that has left it vulnerable to a potential activist shareholder attack, former executives said.
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