Intel Board Member Resigns

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semiconductor industry insiders

Reuters

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Intel board member quit after differences over chipmaker's revival plan

Summary

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77% Informative

Lip-Bu Tan , a semiconductor industry veteran, had said he was leaving the board because of a personal decision to “reprioritize various commitments” Tan grew frustrated by Intel 's large workforce, its approach to contract manufacturing and Intel ’s risk-averse and bureaucratic culture, sources say.

Tan wanted specific cuts, including middle managers who do not contribute to Intel 's engineering efforts.

An attempt last year to break into contract-manufacturing through a $5.4-billion purchase of Israel -based chip manufacturer Tower Semiconductor was scuttled after China blocked the deal.

Tan grew frustrated as the board did not follow his recommendations over how to make the manufacturing business more customer-centric, a source close to Tan said.

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formal

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English

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