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

Intel ( INTC) CEO Lip-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.

At a recent Intel conference, Tan made no mention of breaking up the company, and said that Intel will launch new products like custom semiconductors.

In his first remarks as Intel's new CEO, Lip-Bu Tan on Monday outlined a leaner version of the iconic American chipmaker in which he would work directly with engineers to develop new products based on feedback from the company's customers.

Intel's ( NASDAQ: INTC) new CEO Lip-Bu Tan, in his first public appearance since taking the helm, has vowed to refocus on innovation and called on customers to provide harsh feedback on the company. "We fell behind on innovation,

Intel's new CEO said the company had fallen short of expectations recently and asked for customer feedback in his first public appearance since taking over the chip giant. "We had been too slow to adapt and to meet your needs,