Intel ousts CEO of Products as part of the latest executive shake-up, ending 30-year career — company also establishes new custom chip design unit

Intel has removed its CEO of Products, Michelle Johnston Holthaus, as part of a major executive shake-up under new CEO Lip-Bu Tan. Tan aims to reshape the company's leadership structure and decision-making process. Holthaus, who had a 30-year career at Intel, will stay on in an advisory role. Intel is establishing a new custom chip design unit led by Srinivasan Iyengar, focusing on developing silicon for external customers. The company has also acquired Kevork Kechichian, a former Arm executive, to head its datacenter group. These changes come amidst Intel's efforts to streamline operations and compete more effectively in the chip market.