Intel’s new CEO Lip-Bu Tan wasted no time laying out his plans for the semiconductor giant.
Speaking at the Intel Vision conference this week, Tan told attendees that the company will spin off assets that aren’t core to its mission, Bloomberg reported. Tan didn’t specify what was classified as core and non-core to the company’s business.
Intel will also launch new products including custom semiconductors for customers, Tan added. But he made no mention of breaking up the company, according to Bloomberg, which was a potential turnaround strategy floated in recent months.
Tan was named Intel’s CEO on March 12 and assumed the role on March 18, a little over three months after former CEO Pat Gelsinger was forced out of the role on December 1. Previously, Tan was a member of the company’s board of directors before resigning late last August.
TechCrunch has reached out to Intel for comment.
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