Intel moves on from three executives as manufacturing pivot continues
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Chip making firm, Intel has announced the retirement of three senior executives as part of sweeping changes to its manufacturing and technology development operations. The move comes under the direction of new chief executive Lip-Bu Tan, who is seeking to reposition the US chipmaker after years of market share losses and rising competition. The company is restructuring amid cost-cutting initiatives Kaizad Mistry and Ryan Russell, both corporate vice presidents in Intel’s technology development group, are set to step down, along with Gary Patton, head of the company’s Design Technology Platform. Patton, a former IBM executive, had overseen several advanced manufacturing initiatives. The departures were communicated internally on Tuesday and mark the latest in a series of leadership shifts aimed at streamlining operations and cutting costs. Intel is also scaling back its manufacturing capacity planning and engineering teams, according to sources familiar with the matter. These changes follow a broader shake-up of the company’s manufacturing group, now led by Naga Chandrasekaran, a former Micron Technology executive brought in last year. Chandrasekaran assumed expanded responsibilities in March and has since led a reorganization of staff, including layoffs, as part of a global restructuring. As part of its second-quarter results, Intel said it aims to reduce its global workforce to around 75,000 by the end of the year, a cut of about 22%. The tech giant employed 109,800 people at the end of last year. Of these, 99,500 were “core employees” according to The Verge. In late June, the company closed its automotive chip making business and indicated it would lay off 20% of factory workers. The company has pledged to take a more “disciplined” approach to capital expenditure, particularly in chip manufacturing. Intel’s strategy shift hinges on customer buy-in One of the clearest signs of a strategic pivot is Intel’s decision to…
Filed under: News - @ August 1, 2025 2:27 pm