Intel’s New CEO Lip-Bu Tan Unveils AI-Centric Overhaul

Intel’s incoming CEO Lip-Bu Tan, set to officially start tomorrow, March 18, outlined his vision today for revitalizing the company. Tan plans to integrate AI more deeply into chip design and manufacturing, potentially restructuring the foundry division. Industry insiders see this as a bold move to reclaim Intel’s edge after years of setbacks. His appointment last week already boosted Intel’s stock by 5%.

Skyworks Secures $500 Million for 5G Expansion, Signals Hiring Surge

Skyworks Solutions announced a $500 million fundraising round, led by private equity firms, to accelerate its 5G and IoT chip production. Following Reza Kasnavi’s promotion to EVP and Chief Operations and Technology Officer on March 15, the company plans to hire 800 new employees by year-end to staff expanded facilities in California and Asia. Kasnavi called it “a pivotal step for Skyworks’ growth.”