Intel’s new CEO cut management layers in half. The stock is up nearly 500%

Lip-Bu Tan's bold move to cut Intel's management layers in half has dramatically turned the company's fortunes around, with the stock surging nearly 500%. Since his appointment, Tan has secured major investments from partners like Nvidia and SoftBank, signaling confidence in Intel's renewed focus on innovation and its progress in developing next-generation chips. This strategic shift not only addresses Intel's past financial struggles but also positions it more competitively in the high-stakes semiconductor and AI markets.