Intel is moving into GPUs and has hired a chief architect, CEO Lip-Bu Tan says [CNBC]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: CNBC
The chipmaker's foundry business is still lacking an anchor customer. Intel has received recent backing from the U.S. government, SoftBank and Nvidia. In this article Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel CEO Lip-Bu Tan said Tuesday that the chipmaker has appointed a new chief architect to build out graphics processing units, or GPUs. The chips, made by the likes of Nvidia and Advanced Micro Devices , power large language models and have skyrocketed in demand as companies race to build out artificial intelligence infrastructure and data centers. Tan told the audience at the Cisco AI Summit that it took “some persuasion” to convince the new executive to join the chipmaker. Tan did not name the new hire. Intel's stock has rallied over the last year as investors gain optimism about the company's foundry business ,
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