At the first shareholders ’meeting since they became the CEO of Intel, the Lip-BU Tan and the company’s management refused a proposal from the shareholders to re-examine its activities in Israel. The proposal was made from geopolitical considerations.
The proposal, which was revealed in a Reuters report, was one of three rejected, and the company could have forced an official internal discussion about its continued investment and presence in Israel, where some of the main development and manufacturing facilities of Intel operate outside the United States, including the Kiryat Gat factory that works thousands of workers.
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The rejection of the proposal is seen as a clear indication that Intel does not intend to reopen the issue of operations in Israel at this stage, despite the pressure from some investors.
At the same meeting, the shareholders agreed to renew the program to allocate the shares of employees, with the aim of employing employees and maintaining them by competing companies, in addition to the compensation package for the new executive, which includes the share reward of $ 42 million, according to the work objectives.
The Intel Administration indicated that it does not plan to change the strategic action plan, which focuses on restoring the company’s location in the chips market, which leads to the field of artificial intelligence and improving the efficiency of management.
Tan, who took office after Bat Gilgrenger’s rejection of a large reorganization in the company, leads to deal with slowing growth, declining revenues and increasing competition from NVIDIA, AMD and TSMC.
It was published by Globes, Israel Business News – En.globes.co.il – on May 15, 2025.
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