Friday, 14 March, 2025

Intel Appoints Lip-Bu Tan as CEO to Lead Turnaround Efforts

Intel has appointed Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025, following Pat Gelsinger's resignation. Tan, a seasoned semiconductor industry veteran and former Intel board member, previously led Cadence Design Systems and founded venture capital firm Walden International. His extensive experience and industry connections are expected to drive innovation and restore Intel's market position. Following the announcement, Intel's stock experienced a significant uptick.