Intel Approves Lip-Bu Tan New CEO Intel has appointed Lip-Bu Tan, a major figure in the semiconductor industry, as CEO, the company declared late Wednesday.
Tan succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus. He’ll likewise rejoin the Intel board of directors after stepping down from the board in August 2024, Intel reported. Zinsner will abide Intel’s CFO, while Johnston Holthaus will endure CEO of the company’s Intel Products division.
Tan, a Malaysia-born, longtime tech investor, formerly served as CEO of Cadence Design Systems. He was a manager at two energy firms, EDS Nuclear and ECHO Energy, and a partner at the Walden USA investment fund before founding venture capital firm Walden International in 1987.
Tan is exceptionally well-connected in the tech industry, and a director on the boards of Hewlett Packard Enterprise, Schneider Electric, and SoftBank. He’s further entirely respected as the business leader. After Intel publicised Tan’s appointment, the company’s dose jumped around 11% in after-hours trading.
In a statement, Tan stated that Intel will be a “engineering-focused company” under his leadership.
“We will push ourselves to unfold the best products, listen intently to our customers, and hold ourselves accountable to the commitments we make so that we build trust,” he disclosed. “We further have a responsibility to deliver for our shareholders — something I am equally focused on and expect will be an outcome of our renewed focus on customers.”
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Tag: Intel Approves LipBu Tan New CEO
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Published 3/13/2025