Intel CEO Lip-Bu Tan, who secured US government backing and interest from Apple and Tesla, begins his second year facing pressure to deliver product and manufacturing improvements.

Lip-Bu Tan became Intel CEO in March of last year. Since then, Apple Inc. and Tesla Inc. have shown interest in the company's manufacturing, and Intel's stock has reached a record high.

Tan has spent far more time outside the company than inside since becoming CEO and has not widely explained his specific plan to fix products and manufacturing to employees. He is targeting the end of June to complete his recruitment drive for internal leadership.

In a White House meeting last August, Tan negotiated a deal that made the US government Intel's third-largest shareholder. The company still must develop products that win back lost market share and manufacturing capable of attracting billions of dollars in orders from rivals.