Intel's CEO Lip-Bu Tan is steering the company back to its core strengths in chip-building, focusing on AI and foundry operations to address internal complacency and bureaucracy. Tan is committed to enhancing engineering innovation and streamlining decision-making processes to revitalize Intel's competitive edge. A key part of this strategy includes the launch of the Crescent Island AI chip in 2026, featuring 160GB of memory, as Intel aims to re-establish its presence in the AI market and challenge industry leader TSMC.