Intel Director Lip-Bu Tan resigns from board amid market challenges and company restructuring.

Intel's director and semiconductor industry veteran, Lip-Bu Tan, appointed in 2022 for revival efforts, resigns from the company's board, according to unnamed sources in Bloomberg News. Intel faces challenges in the competitive semiconductor market, recently reporting lower-than-expected revenue and announcing job cuts. Tan's departure is personal and due to time commitments.

August 22, 2024
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