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According to a press release from Intel, he will assume the role on 18 March, succeeding interim CEOs David Zinsner and Michelle Johnston Holthaus.
Zinsner will continue as the chief financial officer of the company, whereas Holthaus will stay as the head of Intel Products and serve as executive vice president. The duo has jointly managed the company since last December, following the resignation of former CEO Pat Gelsinger.
Lip-Bu Tan headed the IT firm Cadence Design Systems from 2009 until 2021. Under his leadership, the firm's revenue more than doubled, and its market capitalization increased over 30 times. Tan became a member of Intel's board of directors in September 2022 and resigned in August of the previous year.
Tan has bachelor's degree from Nanyang Technological University in Singapore and master's degree from the Massachusetts Institute of Technology (MIT).
Analysts suggest that under Tan’s leadership, Intel could be divided into two separate firms, one focused on designing microchips and the other on manufacturing them, MarketWatch writes. Gelsinger was against such a division, and certain media sources reported that Tan's exit from the board last year was because of a disagreement with Gelsinger's stance on the matter.
source: marketwatch.com
Zinsner will continue as the chief financial officer of the company, whereas Holthaus will stay as the head of Intel Products and serve as executive vice president. The duo has jointly managed the company since last December, following the resignation of former CEO Pat Gelsinger.
Lip-Bu Tan headed the IT firm Cadence Design Systems from 2009 until 2021. Under his leadership, the firm's revenue more than doubled, and its market capitalization increased over 30 times. Tan became a member of Intel's board of directors in September 2022 and resigned in August of the previous year.
Tan has bachelor's degree from Nanyang Technological University in Singapore and master's degree from the Massachusetts Institute of Technology (MIT).
Analysts suggest that under Tan’s leadership, Intel could be divided into two separate firms, one focused on designing microchips and the other on manufacturing them, MarketWatch writes. Gelsinger was against such a division, and certain media sources reported that Tan's exit from the board last year was because of a disagreement with Gelsinger's stance on the matter.
source: marketwatch.com
