Intel's newly appointed chief executive, Lip-Bu Tan, has pledged to restore customer trust and strengthen the company's engineering-driven culture.

Speaking at the Intel Vision conference, he assured customers that the next-generation Panther Lake chips would launch this year, continuing Intel's progress in advanced chipmaking.

With a background in electronic design automation, Tan brings extensive industry experience but is not a traditional semiconductor executive. He has served as CEO of Cadence Design Systems and was previously a venture capitalist and an Intel board member.

Acknowledging Intel's recent struggles, he vowed to refine strategies, spin off non-core businesses, and focus on AI and software-driven growth.

Tan promised to lead Intel's expansion into third-party chip manufacturing and collaborate with policymakers to advance its foundry business.

Emphasising his commitment to turning the company around, he urged customers to be 'brutally honest' about their expectations, stating, 'We may not be perfect in the beginning, but eventually, I will make it perfect.'