Intel has a new leader, hoping to change course after chip makers have a tough time. company Today, Lip-bu tan will take effect on March 18. He assumes that David Zinsner and Michelle (MJ) Johnston Holthaus from interim co-hosts At the end of last year.
“Intel has a powerful and differentiated computing platform, a large customer installation foundation and a strong manufacturing footprint, and the day is getting stronger during the day as we rebuild our process technology roadmap,” Tan said. “I’m eager to join the company and do the work that the entire Intel team does for the future.”
Tan will also rejoin Intel’s board of directors as part of his appointment. He used to be a board member but withdrew two years later in August 2024. Although the move was decided publicly by Tan as an individual, the source He was frustrated with Intel’s risk aversion strategy and culture.
Tan is a veteran in the semiconductor and software industry. He spent more than a decade as CEO of Cadence Design Systems and on the company’s board of directors. Tan has a long history as a tech investor and is a founding managing partner of Walden Catalyst Ventures and Walden International Chairman.
Intel has attracted negative news over the past year followed by . but Dating further afield, not only does a new CEO need to be completely right.