Who is Intel’s New Ceo? 5 key things to know about lip-pu tan
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 Cade Design Systems, A Company SPANCIALIZING In SOFTWARE and Herardware Solutions for Chip Design, DURING HE DOULED 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, Hewlet Packard Enterprise, and Schneider Electric.
“Togeether, we will work hard to restore intel’s position as a world-class products company, Establish Oatselves as a World-Class Foundry and Delight Our Customers LIKE NEVERS In a letter to intel employEs on Wednsday.
Techrepublic Breaks Down Key Details About The Malaysian-Born Executive as he takes charge of the us tech giant.
1. Tan was on Intel’s Board of Directors
As CEO of Cadence Design Systems, Tan Oversaw The Company’s Supply of Design Solutions and IP to Intel. He also served on Intel’s Board of Directors from 2022 to 2024. Capabilities.
Tan resigned from the board in August, Citing a “Personal Decision Based on a need to reprioritize various commitments. ” His departure signaled his independence. According to reutersHe was frustrated with the company’s Large Workforce and Its Bureaucratic, Risk-Averse Culture.
2. Tan is replacing ousted Ceo Gelsinger
He is replacing pat gelsinger, who was removed by Intel’s Board in December 2024 Folling more than 30 years at the company. Gelsinger’s ambyitious turning plan – which involved funneling money into new fabs – failed to provide notable market share growth or profitability.
Following tan’s appointment, Intel’s Shares surgged 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 Applicer Than Adhering to Legacy Processeseseses.
3. Tan will try to revive intelly’s chip business
Once a dominant force in the cpu industry, intel has struggled amid the ai boom and shifting industry dynamics. Unlike Rivals Who Specialize in Eather Chip Design or Manufacturing, Intel Continues to Operate in BOTH Sectors – A Strategy That Has Left Its Fabrication Efforts Lagging
In 2024, Intel’s Stock Declined by 60%, and the company fell from first to second place on Gartner’s list of top global semiconductor vendors by revionue Growth. With a background in bot chip design and manufacturing, tan is well-positioned to lead intelly’s turning.
See: Qualcomm, Intel, and Others Form Ambient Iot Coalition
4. tan will have to negotiate with us chipmakers
Intel Faces Pressure from Competitors Circling Its Custom Chip Foundries. In Recent Weeks, TSMC, NVIDIA, Broadcom, and AMD have been considering a joint takeover of Intel’s Custom Chip Foundries, with Nvidia and broadcom initiating manufacturing testing.
TSMC and broadcom was also considering splitting inteletting and design arms, a move intel execs are reportedly pushed pushing back resainst. Tan’s Leadership will be critical in determining how these negotiations unfold.
See: TSMC’s $ 100B Investment in Us Data Center Sets Foreign Investment Record
5. TAN Has Trump’s support
According to reutersUs President Donald Trump Encouched TSMC to Help Revive Intel by Taking over some of its us us chipmaking factors. Trump, who has prioritized strengthening domestic chip production, opposes any plan that would result in Full Full Foreign Ownership of Intel’s assets.
As a result, TSMC is reportedly limiting its stake in intel to under 50% to ensure regulatory approval under a potential trump administration.
