All the newly appointed leaders will report directly to CEO Lip-Bu Tan, according to the company's press release statement. In other recent news, Intel Corporation has been actively engaged in significant financial and strategic maneuvers. The company announced it has filed a prospectus supplement with the Securities and Exchange Commission to register the potential resale of a warrant and up to 673,839,150 shares of its common stock. This registration is part of an agreement with the United States Department of Commerce. Intel has also amended its Direct Funding Agreement with the Department of Commerce, resulting in a $5.7 billion disbursement under the CHIPS Act. This amendment lifted several previous obligations, including project milestone requirements and cash flow sharing conditions. Additionally, Intel received $5.7 billion in grants from the CHIPS Act, which is being converted into the U.S. government's equity stake in the company.