Tan's predecessor, Pat Gelsinger, was ousted last year after his multiyear turnaround effort sputtered. Unsuccessful though it was, Gelsinger at least had a plan: spend hundreds of billions of dollars to build up Intel's manufacturing capabilities, get back into the chip-making technology lead and start competing with TSMC. Gelsinger was appointed in February of 2021 and presented a detailed strategy for Intel's revival a month later.