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

*semiconductor · news · 2026-05-08 · The Mercury News*

## Key points

- Tan secured a deal making the US government Intel's third-largest shareholder after a White House dispute.
- Elon Musk and Intel struck a surprise partnership to build a massive factory complex together.
- Intel's chip yields are about 65%, significantly below TSMC's 80%+, driving much higher costs.
- Internal teams at Intel sometimes manage missed deadlines by simply adjusting schedules rather than recovering.

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

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/05/08/intel-ceo-who-won-over-trump-and-musk-now-needs-a-breakthrough/)

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