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Fortune

Verne Kopytoff

'There are no quick fixes': Intel's CEO gives Wall Street a reality check about the chipmaker's would-be turnaround

Intel Corporation LipBu Tan

(Credit: Courtesy of Intel)

Intel’s new CEO dispelled hope for a quick solution to his company’s problems that have turned the one-time chip making titan into a case study for what happens when a tech business fails to innovate.

“There are areas we need to improve and there are no quick fixes,” Lip-Bu Tan warned on Thursday during his first earnings call after his hiring last month to revive the company.

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