Intel’s comeback story is even wilder than it seems
techcrunch.com May 9, 2026

Intel’s comeback story is even wilder than it seems

AI-summarised brief · reviewed before publication

Intel's stock has risen 490% over the past year, driven by investor bets on the company's turnaround under CEO Lip-Bu Tan. Tan has secured deals with the US government, Elon Musk, Apple, and Tesla, despite Intel's chip yields lagging behind industry leader TSMC. The company's fundamentals remain messy, with employees citing lack of specifics and adjusted deadlines. Intel's turnaround is a significant event in the tech industry, with investors closely watching its progress.