The cost-cutting stage of the Lip-Bu Tan era continues, and is likely nearing its conclusion.Shares of Intel (INTC 3.03%) rallied on Monday, rising as much as 5.7% before retreating to a 3.8% gain as of 12:08 p.m. ET.Intel has been a controversial turnaround play in the semiconductor industry for a few years, and is currently pinning its hopes on the strategy of new CEO Lip-Bu Tan, who was hired in March.Today, Intel disclosed some mildly positive news on the cost-cutting front. Given its low valuation, it ...