Intel introduces its new CEO, Lip-Bu Tan (image credit: Intel) Intel names Lip-Bu Tan as its new CEO to revitalise AI and foundry services while leveraging his expertise in chip design, manufacturing and shareholding Intel has named Lip-Bu Tan as its new Chief Executive Officer (CEO) effective March 18, following a three-month search process after the departure of previous leadership. The appointment comes at a transformative time for Intel as it attempts to recover market position against competitors whilst simultaneously developing its foundry services business – a manufacturing operation that produces chips designed by other companies. Independent Chair of the Intel board of directors, Frank D. Yeary (image credit: Intel) Frank D. Yeary, Independent Chair of the Intel board of directors, announced the decision to employees, emphasising Tan’s industry credentials and previous experience transforming technology businesses: “Lip-Bu is an exceptional leader whose technology industry expertise, deep relationships across our product and foundry ecosystems and proven track record of creating shareholder value is exactly what Intel needs in its next CEO .” Who is Lip-Bu Tan? Tan previously served as Chief Executive Officer of Cadence Design Systems from 2009 to 2021, a company that provides electronic design automation software and […]
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