# Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year.

*business · news · 2026-05-08 · Los Angeles Times*

## Key points

- Lip-Bu Tan secured a deal making the US government Intel’s third-largest shareholder after a Trump dispute.
- Apple and Tesla are considering using Intel's manufacturing, indicating renewed industry interest.
- Intel's manufacturing yield is about 65%, significantly lower than TSMC's 80% yield rate.
- Tan personally negotiated a partnership with Elon Musk for a new factory complex, surprising company leaders.
- Some at Intel propose splitting manufacturing and design, but Tan opposes an immediate breakup.

**Companies:** Intel Corp., Apple Inc., Tesla Inc., Nvidia Corp., Micron Technology Inc., Qualcomm Inc., Arm Holdings Plc
**Countries:** United States, Taiwan

[Read the full story on Los Angeles Times](https://www.latimes.com/business/story/2026-05-08/can-intels-new-ceo-turn-silicon-valley-charm-into-chip-success)

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