Intel revealed various high-level executive changes, including the exit of products chief Michelle Johnston Holthaus, as CEO Lip-Bu Tan escalates efforts to revitalize the faltering U.S. chip manufacturer.

Holthaus, departing after over thirty years with Intel, has occupied various high-level leadership positions, including serving as interim co-CEO after the removal of former CEO Pat Gelsinger last year. She will continue to be a strategic consultant in the upcoming months.

According to reports, earlier this year that Tan aims to simplify the company's leadership structure, having key chip divisions report directly to him, while also cutting jobs to enhance efficiency.

Intel announced that Kevork Kechichian has been appointed as executive vice president and general manager of the data center group.

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A seasoned professional in the chip industry, Kechichian previously worked at Arm, where he held the position of executive vice president of engineering. He has also been employed by NXP Semiconductors and Qualcomm.

In addition to other modifications, Intel revealed the establishment of a new central engineering division, which will be headed by Srinivasan Iyengar, a senior vice president. In the enhanced position, Iyengar will establish a custom silicon venture to cater to a wide variety of external clients.

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Naga Chandrasekaran, executive vice president and chief technology and operations officer of Intel Foundry, will take on additional responsibilities to oversee Foundry Services, while Jim Johnson has been named general manager of Intel's client computing group.

The declarations arise during a precarious period for Intel, as U.S. President Donald Trump mentioned last month that the government would acquire a 10 percent share in the corporation. Trump has urged Tan to step down due to conflicts of interest.

 

Recently Intel Corporation announced an agreement with the Trump Administration to support the continued expansion of American technology and manufacturing leadership.

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Under terms of the agreement, the US government will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry.