Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters,

The chip company's shares were gaining early Monday as more details emerge about new Chief Executive Lip-Bu Tan's plans.

Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and AI strategies ahead of his return.

Intel's new CEO Lip-Bu Tan prepares for significant changes, including layoffs and overhauls in AI strategy to address a $19 billion loss. His focus w

Tan is allegedly looking to make staffing cuts and sweeping changes to the company's AI and chip manufacturing strategies.

Silicon Valley investors love to romanticize iconoclasts and visionaries who bend technology and markets to their iron will. Intel’s latest CEO, Lip-Bu Tan, will put this “great man theory” to the test when he takes charge of the $110 billion chipmaker on Tuesday.

Lip-Bu Tan will purchase about $25 million in stock shortly after taking over as CEO, giving him immediate financial alignment with the moves he makes at Intel.

Lip-Bu Tan, who takes over as Intel CEO on Tuesday, is planning to overhaul the struggling chipmaker’s manufacturing business, while also adjusting its “approach to AI and staff cuts,” according to a report from Reuters.