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.

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.