Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company, in a sweeping bid to revive the ailing technology giant.

Since Intel Corp. announced that Lip-Bu Tan would take over as CEO last week, the company’s shares have soared. Now, as Tan assumes his job, it is far from clear how he will fulfill the big hopes that have been placed on his shoulders.

Lip-Bu Tan's strategy includes restructuring AI operations and addressing inefficiencies within the company's management structure.