Silver bullets, blank rounds
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A struggling firm reaches for artificial intelligence as it once reached for innovation. Neither saves a business the sums no longer favour.
Lip-Bu Tan took charge of Intel in March 2025 and started cutting almost at once. His predecessor, Pat Gelsinger, had shed around 15,000 jobs before the board pushed him out that December; by late July Tan had axed roughly 21,000 more and scrapped planned fabrication plants in Germany and Poland. Intel had spent decades at the frontier of chip design, an
Lip-Bu Tan took charge of Intel in March 2025 and started cutting almost at once. His predecessor, Pat Gelsinger, had shed around 15,000 jobs before the board pushed him out that December; by late July Tan had axed roughly 21,000 more and scrapped planned fabrication plants in Germany and Poland. Intel had spent decades at the frontier of chip design, an
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