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.

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.

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