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Intel, a struggling chip giant, has potential for future success, but it's not a guarantee and will take time, according to an analyst. The new CEO Lip-Bu Tan could help keep Intel competitive in the industry, though facing tough competition like Nvidia, AMD, Arm Holdings, Taiwan Semiconductor, Broadcom, and Marvell.

Tan was appointed as Intel's CEO in March, coming from a background as the CEO of Cadence Design Systems. He faces challenges in revitalizing the company, following former CEO Pat Gelsinger's efforts to turn it around, which included job cuts, cost improvements, securing funding, establishing chip foundries, and aiming for AI chips to rival competitors like Nvidia and AMD.

Gelsinger was removed from his position due to missed targets and financial losses in the foundry business. Intel's recent financial performance has seen a decline in sales and net earnings. Tan's priorities include stabilizing the business, potentially through cost reductions and new leadership, to restore investor confidence. Analysts suggest that Tan may seek partnerships for chip production funding, a move that could benefit Intel and boost its stock value.