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Intel Names Lip-Bu Tan as New CEO to Lead Turnaround

The Malaysian-born tech veteran, known for his transformative leadership in semiconductors, steps into the role on March 18 with a focus on restoring Intel's competitive edge.

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Cadence Design CEO Lip-Bu Tan delivers the key-note address during the CDN Live conference in Bangalore on November 19, 2009. CDN Live is a global series of events bringing together electronics designers and engineers using Cadence products. AFP PHOTO/Dibyangshu SARKAR (Photo credit should read DIBYANGSHU SARKAR/AFP via Getty Images)
Intel logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • Lip-Bu Tan, former CEO of Cadence Design Systems and a seasoned semiconductor industry leader, will take over as Intel's CEO on March 18, 2025.
  • Intel's stock surged over 10% following the announcement, reflecting investor optimism about Tan's leadership potential.
  • Tan faces significant challenges, including reversing Intel's declining market position and addressing competition from TSMC, Nvidia, and AMD.
  • He has a track record of revitalizing companies and fostering innovation, including his success at Cadence and investments in semiconductor startups.
  • Tan's appointment highlights a broader trend of Asian-born leaders at the helm of major U.S. semiconductor firms, including Broadcom, Nvidia, and AMD.