Intel’s Comeback Story Is Even Wilder Than It Seems

In Brief

Bloomberg has a deep dive this week into really Intel CEO Lip-Bu Tan is trying to rescue 1 of Silicon Valley’s astir storied, and stumbling, chipmakers. It’s worthy a read, but it really undersells nan astir jaw-dropping portion of nan story: Intel’s banal has risen a stunning 490% complete nan past year, a stake by Wall Street that whitethorn beryllium moving good up of nan company’s existent turnaround.

Tan, who took complete successful March of past year, has spent overmuch of his first twelvemonth schmoozing alternatively than restructuring — locking successful a sweetheart deal pinch nan U.S. authorities (now Intel’s third-largest shareholder), cozying up to Elon Musk connected a factory partnership, and reportedly landing preliminary manufacturing agreements pinch some Apple and Tesla.

The fundamentals are still messy. Intel’s spot yields lag good down manufacture leader TSMC, and labor show Bloomberg that Tan has been ray connected specifics internally, pinch immoderate teams adjusting missed deadlines alternatively than recovering from them

But investors are betting large connected nan bigger picture. Whether nan execution follows is nan multi-billion-dollar question.

Subscribe for nan industry’s biggest tech news