Intel Names Semiconductor Veteran Lip-Bu Tan as CEO

Lip-Bu Tan, a respected industry leader and former Intel board member, steps into the role as the company seeks stability and growth.

Lip-Bu Tan, former CEO of Cadence Design Systems, has been appointed as Intel's new CEO, effective March 18, 2025.
Tan replaces interim co-CEOs David Zinsner and Michelle Johnston Holthaus, who assumed leadership after Pat Gelsinger's departure in December 2024.
Intel's stock surged over 11% in after-hours trading following the announcement of Tan's appointment.
The company has faced recent challenges, including investor pressure to cut costs and spin off businesses amid declining sales and a weak business outlook.
Tan has pledged to refocus Intel as an 'engineering-focused company,' emphasizing product development, customer trust, and shareholder value.