"Lip-Bu Tan is named as Intel's new CEO, following Pat Gelsinger's departure, bringing a wealth of semiconductor industry experience."
"Frank Yeary lauded Tan as an exceptional leader with deep industry relationships, innovation skills, and a focus on customer satisfaction."
Intel has appointed Lip-Bu Tan as its new CEO, succeeding Pat Gelsinger who resigned in December. Tan, a veteran in the semiconductor industry with significant experience as the former leader of Cadence, will replace interim co-CEOs, Zinsner and Holthaus. The board highlighted Tan's exceptional leadership, expertise, and reputation for customer-focused innovation, positioning him to steer Intel toward future growth and success in a competitive market.
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