Di Yi Cai Jing·2025-09-16 12:04Core Points - Intel China Chairman Wang Rui will retire this month as part of a planned management transition following the appointment of Wang Zhichong in February [1][3] - Wang Rui was the first female chairman of Intel China, joining the company in 1994 and holding various leadership roles [1][3] - Under Wang Rui's leadership, Intel China redefined its strategy, upgraded its organizational structure, and enhanced collaboration with global operations [3] - Despite these efforts, Intel faces challenges in the Chinese market due to deteriorating global business conditions and competition from rivals like NVIDIA and AMD [3][4] Company Developments - Intel's recent second-quarter earnings report showed revenue of $12.9 billion, flat year-over-year, but a net loss of $2.9 billion, marking the sixth consecutive quarter of losses [3] - The company is undergoing significant personnel changes globally, including the appointment of Chen Lifeng as the new CEO, who aims to reform the company and correct past mistakes [4][5] - Intel plans to reduce its workforce by approximately 15%, bringing the total number of employees down to around 75,000 by the end of the year [5] Management Transition - Wang Rui and Wang Zhichong have been working closely to ensure a smooth transition in the management of Intel China [7] - Wang Zhichong previously served as Vice President of Intel's Marketing Group and was appointed as Vice Chairman of Intel China in February [7] - The company has not confirmed whether Wang Zhichong will take over as Chairman of Intel China [7]