New Delhi, April 23 -- Internal challenges and the inability to respond to market shifts led by artificial intelligence (AI) have seen the once-storied chipmaker Intel lose ground, both in AI chips and manufacturing, to Nvidia, TSMC and others. Now, with a leadership rejig, it hopes to reclaim its edge.

What are the recent management changes?

In March, Intel appointed industry veteran Lip-Bu Tan as its chief executive officer (CEO), replacing Pat Gelsinger. On Monday, Tan elevated Intel's networking chief, Indian-origin Sachin Katti as chief technology officer and head of AI. In a note to employees, Tan said: "We will work hard to restore Intel's position as a world-class products company, establish ourselves as a world-class foundry an...