Intel CFO says CEO Lip-Bu Tan is big on balance sheet discipline as U.S. and Nvidia funding accelerate turnaround

Good morning. Intel, once the world’s leading chipmaker, has struggled in recent years to keep pace with the rise of artificial intelligence computing. Under new CEO Lip‑Bu Tan, and bolstered by government and private investment, the tech company is pursuing an ambitious turnaround.“We took meaningful steps this quarter to strengthen our balance sheet, including accelerated funding from the U.S. government and investments by  Nvidia  and  SoftBank  Group that increase our operational flexibility and demonst ...