Intel has named Lip-Bu Tan as its new CEO effective March 18, succeeding interim leaders David Zinsner and Michelle Johnston Holthaus after Pat Gelsinger's sudden retirement. Tan, who has extensive experience in the tech industry and previously served on Intel's board, aims to leverage the company's existing strengths while addressing the significant challenges it has faced recently, including CPU instability and workforce reductions. The appointment symbolizes hope for a fresh perspective and strategy at Intel during a critical juncture for the company.
Intel has a powerful and differentiated computing platform, a vast customer installed base and a robust manufacturing footprint that is getting stronger by the day as we rebuild our process technology roadmap.
Tan is a veteran of the semiconductor and software industries. He spent more than a decade as the CEO of Cadence Design Systems, as well as 19 years on the company's board of directors.
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