Computers & internet

Intel Names Chip Veteran Lip-Bu Tan as CEO

Published MAR 13 2025

Story

Above: Lip-Bu Tan. Image credit: Dibyangshu Sarkar/Stringer/AFP via Getty Images

The Facts

Intel Corporation has appointed semiconductor industry veteran Lip-Bu Tan as its new chief executive officer, effective March 18. He succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus who took over after Pat Gelsinger's departure in December.
Wsj
The New York Times
TNGlobal
Tan — who served as CEO of Cadence Design Systems from 2009 to 2021 and achieved a 3,200% stock price appreciation — will rejoin Intel's board after stepping down last August due to disagreements over the company's direction.
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Newsroom
The appointment comes as Intel faces significant challenges. The company's stock has declined 54% over the past year, and it's reportedly struggling to compete in the artificial intelligence chip market dominated by Nvidia.
CNN
Yahoo! News
Intel's manufacturing business reported a $7B loss in 2023, leading to speculation about potential restructuring, including reports that TSMC has approached Intel's potential customers about forming a joint venture to operate Intel's factories.
New York Post
www.ft.com
Tan holds degrees from Nanyang Technological University, MIT, and the University of San Francisco, and received the Semiconductor Industry Association's highest honor, the Robert N. Noyce Award, in 2022.
Bits&Chips
Newsroom
The market responded positively to Tan's appointment, with Intel's shares surging 12% in extended trading on Wednesday.
New York Post
Investopedia

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The Spin

Pro-establishment narrative

Tan's appointment is a crucial turning point for Intel. He will bring stability and deep industry expertise needed to restore the company's position as a world-class technology products company and establish an aggressive foundry business that can compete with and outsmart global rivals.

Newsroom

TNGlobal

Establishment-critical narrative

The selection of an outsider CEO raises concerns about Intel's integrated business model, as Tan lacks experience running a company that both designs and manufactures chips. His previous disagreements with Intel's strategy could also signal potential structural changes ahead.

The New York Times

www.ft.com