Together, we will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” Tan said in a letter to Intel employees on Wednesday.

Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet, CEO of troubled, storied chipmaker Intel, his performance will be on full display.

Intel 's newly appointed CEO, Lip-Bu Tan, is gearing up for a major overhaul of the company's chip-making and artificial intelligence (AI) strategies. The move comes as part of an effort to revive the tech giant, which has been struggling in recent years.