Wedoany.com Report-Sept. 10, Intel announced significant leadership changes yesterday, alongside a major restructuring initiative under CEO Lip-Bu Tan, as part of ongoing efforts to transform the company. One of the most notable moves is the departure of Michelle Johnston Holthaus, head of products, who has served Intel for over 30 years in various leadership roles. She also acted as interim co-chief executive officer following the departure of former CEO Pat Gelsinger last year. Holthaus will remain as a strategic adviser during the transition period.

The restructuring plan includes a reduction of approximately 25,000 jobs, representing about 15% of Intel’s core workforce. These measures are intended to streamline operations, improve efficiency, and align the company more closely with its strategic objectives. Intel is also scaling back major international factory investments while implementing a return-to-office policy to reinforce operational discipline.

At the same time, Intel is reshaping its leadership structure. Kevork Kechichian, who previously worked at Arm, NXP, and Qualcomm, has joined as executive vice president and general manager of the Data Center Group. In addition, a new central engineering group has been created under the leadership of Srinivasan Iyengar, focusing on the company’s custom silicon business. This reflects Intel’s ambition to strengthen its presence in high-value chip markets.

CEO Tan’s turnaround strategy emphasizes disciplined investment and innovation that responds directly to customer needs. A key part of the plan is a potential transition from the current 18A process node to the next-generation 14A node. This move is aimed at enhancing the competitiveness of Intel’s foundry services and attracting external clients, including major technology companies such as Apple and Nvidia.

On the financial side, Intel reported second-quarter revenue of $12.9 billion in 2025, slightly exceeding analyst expectations. However, the company posted a net loss of $2.9 billion, attributed mainly to restructuring costs and strategic realignment efforts. Despite the losses, market response was positive, with Intel’s stock price rising more than 3% in early trading after news of the leadership reshuffle and strategic direction was released.

The leadership changes and restructuring highlight Intel’s focus on adapting to shifts in the global semiconductor industry. By prioritizing artificial intelligence, foundry services, and efficiency improvements, the company aims to strengthen its long-term competitiveness. Intel’s objective is to restore its position as a global technology leader and capture new growth opportunities in a rapidly evolving sector.

The combination of workforce restructuring, new leadership appointments, and advancements in chip-making technology demonstrates Intel’s determination to pursue a disciplined transformation. With market support and clear strategic priorities, the company is positioning itself to play a stronger role in meeting global demand for advanced semiconductor solutions.