Intel gets a new CEO, and investors start doubting when AI will pay off – SiliconANGLE

Intel finally got a new CEO this week: Lip-Bu Tan, a former board member and longtime CEO of chipmaking software veteran Cadence Design Systems.

By all accounts, he’s a capable leader, but former CEO Pat Gelsinger looked capable too. Turning around Intel is a huge undertaking, especially if, as Tan said this week, he aims to keep both Intel design and foundry units. Even if TSMC might be interested in a joint foundry venture — a big if — it would take a miracle to keep Intel…