Intel has announced major leadership changes as CEO Lip-Bu Tan drives a turnaround. Michelle Johnston Holthaus exits after 30 years, while new hires and expanded roles signal a push into custom silicon, foundry services, and a flatter structure to compete with AMD.

Intel CFO David Zinsner admitted Arrow Lake CPUs fell short in pricing and performance, but says Nova Lake will bring a stronger high-end desktop lineup to challenge AMD.

The US now owns 9.9% of Intel and wants the chipmaker to retain control of its foundry business.

Intel’s Core i5-14600K is now just $149, and it comes with Battlefield 6 and a creator bundle worth $195. This might be the best CPU deal of the year.