Intel CEO Lip-Bu Tan on turnaround efforts amid stock slump: 'I feel called to do this'

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Intel (INTC) CEO Lip-Bu Tan has been charging hard all year long to bring America's iconic chipmaker back to top-tier status in tech land and among investors. And for much of 2026, the successes had been quite evident — especially on the sales and profit lines — as tech veteran Tan used his vast network of contacts to secure new business, reinvigorated Intel's engineering culture, and benefited from sweeping cost cuts. Sales for the nine months ended Sept. 30 increased 18% to $46.2 billion. Operating profits clocked in at $1.2 billion, compared to a year-ago loss of $2.8 billion. Intel's stock price hit a record high in mid-June of $135.