{"id":399,"date":"2025-03-13T16:06:55","date_gmt":"2025-03-13T16:06:55","guid":{"rendered":"https:\/\/www.techrepublic.com\/?p=4297385"},"modified":"2025-03-13T16:06:55","modified_gmt":"2025-03-13T16:06:55","slug":"who-is-intels-new-ceo-5-key-things-to-know-about-lip-bu-tan","status":"publish","type":"post","link":"https:\/\/blog.tecnoartesanos.com\/index.php\/2025\/03\/13\/who-is-intels-new-ceo-5-key-things-to-know-about-lip-bu-tan\/","title":{"rendered":"Who is Intel\u2019s New CEO? 5 Key Things to Know About Lip-Bu Tan"},"content":{"rendered":"
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Image: Intel<\/figcaption><\/figure>\n

Intel has named chip industry veteran Lip-Bu Tan as its new CEO, effective March 18. The 65-year-old spent 12 years as the CEO of Cadence Design Systems, a company specializing in software and hardware solutions for chip design, during which he doubled its revenue. Tan also founded a venture capital firm that has backed numerous successful tech startups and served on the boards of major tech companies, including Intel, Hewlett Packard Enterprise, and Schneider Electric.<\/p>\n

\u201cTogether, we will work hard to restore Intel\u2019s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,\u201d Tan said in a letter to Intel employees on Wednesday.<\/p>\n

TechRepublic breaks down key details about the Malaysian-born executive as he takes charge of the U.S. tech giant.<\/p>\n

<\/span>1. Tan was on Intel\u2019s board of directors<\/span><\/h2>\n

As CEO of Cadence Design Systems, Tan oversaw the company\u2019s supply of design solutions and IP to Intel. He also served on Intel\u2019s board of directors from 2022 to 2024. This was a significant era for the company as it was shifting towards its IDM 2.0 strategy, an effort aimed to modernize its manufacturing capabilities.<\/p>\n

Tan resigned from the board in August, citing a \u201cpersonal decision<\/a> based on a need to reprioritize various commitments.\u201d His departure signaled his independence. According to Reuters<\/a>, he was frustrated with the company\u2019s large workforce and its bureaucratic, risk-averse culture.<\/p>\n

<\/span>2. Tan is replacing ousted CEO Gelsinger<\/span><\/h2>\n

He is replacing Pat Gelsinger, who was removed by Intel\u2019s board in December 2024 following more than 30 years at the company. Gelsinger\u2019s ambitious turnaround plan \u2014 which involved funnelling money into new fabs \u2014 failed to provide notable market share growth or profitability.<\/p>\n

Following Tan\u2019s appointment, Intel\u2019s shares surged by 12%, reflecting investor optimism. Unlike an ex-financier who might push for immediate gains through divestitures, Tan is expected to take a more strategic, long-term approach rather than adhering to legacy processes.<\/p>\n