Intel CEO Lip-Bu Tan recently purchased 105,263 company shares. The purchase price was $95 per share. This totaled an investment of approximately $10 million. This open-market purchase matched the price of Intel's recent $20 billion secondary stock offering. The move signals the CEO's confidence in Intel's turnaround strategy.
Intel reportedly increases its focus on advanced chip packaging. This aims to compete with Taiwan Semiconductor Manufacturing Company in the growing AI hardware market.
Leaks also suggest a new naming convention for upcoming Nova Lake-S desktop processors. A potential "Core Ultra 9 4950K" is reportedly being tested.