During the Intel Vision conference, Tan also said he would focus on boosting Intel’s chip foundry work and recruiting quality engineering talent.

Bu Tan has a tall task ahead of him. The recently appointed executive has to turn around an ailing Intel that’s not only fallen behind in the AI race but is losing market share in its core PC business to longtime and upstart rivals.

Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create new products including custom semiconductors to try to better align itself with customers.