Intel has a brand new chief on the helm, hoping to alter course after a difficult interval for the chipmaker. The corporate introduced right this moment that Lip-Bu Tan will function its new CEO efficient March 18. He assumes the mantle from interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus, who took over after the abrupt retirement of Pat Gelsinger late final 12 months.
"Intel has a robust and differentiated computing platform, an enormous buyer put in base and a sturdy manufacturing footprint that’s getting stronger by the day as we rebuild our course of know-how roadmap," Tan stated. "I’m keen to affix the corporate and construct upon the work the complete Intel workforce has been doing to place our enterprise for the longer term."
As a part of his appointment, Tan may also rejoin Intel's board of administrators. He had beforehand been a board member, however give up after two years in August 2024. Whereas the transfer was publicly credited as a private resolution by Tan, sources urged he was pissed off by Intel's risk-averse technique and tradition.
Tan is a veteran of the semiconductor and software program industries. He spent greater than a decade because the CEO of Cadence Design Techniques, in addition to 19 years on the corporate's board of administrators. Tan has an extended historical past as a tech investor as a founding managing associate of Walden Catalyst Ventures and chairman of Walden Worldwide.
Intel attracted damaging press prior to now 12 months for points with CPU instability, adopted by an enormous variety of layoffs. However the coronary heart of its issues date a lot farther again, and it may take greater than only a new CEO to completely proper the ship.
This text initially appeared on Engadget at https://www.engadget.com/big-tech/intel-names-lip-bu-tan-its-new-ceo-211216526.html?src=rss
