Why was Lip-Bu Tan chosen as the new CEO of Intel?

Lip-Bu Tan was chosen for his exceptional leadership skills, deep semiconductor industry experience, and proven track record of creating shareholder value. His background as CEO of Cadence Design Systems and his relationships across the semiconductor ecosystem were key factors.

What challenges does Intel face under Lip-Bu Tan's leadership?

Intel faces significant challenges, including regaining its position in the chip industry, managing substantial financial losses, and competing with other companies while focusing on its foundry business.

What role will David Zinsner and Michelle Johnston Holthaus play after Lip-Bu Tan's appointment?

David Zinsner will continue as executive vice president and chief financial officer, while Michelle Johnston Holthaus will remain CEO of Intel Products. Both will report to Lip-Bu Tan.

How does the CHIPS Act support Intel's foundry business?

The CHIPS Act provides government support to enhance semiconductor manufacturing in the U.S., which can help Intel's foundry business by offering incentives and funding for domestic chip production.

4 sources·Technology

Intel Appoints Lip-Bu Tan as New CEO Amid Struggles

Intel names Lip-Bu Tan as its new CEO to steer the company through a challenging phase, following the ousting of Pat Gelsinger.

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Tan picks up the baton at a fraught time for Intel, which reported a loss of $18.76 billion in 2024, its first annual loss since 1986.
New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off
ARS Technica·8d
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Center
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Tan will have a massive task at hand when he takes over Intel, which largely missed out on both the mobile computing and AI technology revolutions — ceding dominance to rivals such as Qualcomm and Nvidia.
Intel names new CEO to lead the struggling chipmaker’s turnaround effort | Business
CNN·8d
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The appointment closes a chaotic chapter in Intel's history, as investors pressured the semiconductor company to cut costs and spin off businesses due to declining sales and an inability to crack the booming artificial intelligence market.
Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12%
CNBC·8d
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Center
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Intel is undergoing a historic transition as it attempts to emerge from one of its bleakest periods.
Struggling Intel names ex-board member Lip-Bu Tan as CEO, sending shares soaring
New York Post·8d
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Mar 12th, 2025, 9:49 PM ET

Summary

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Intel has appointed Lip-Bu Tan as its new CEO starting March 18, following a tumultuous period marked by significant losses and leadership changes. Tan, a former board member and CEO of Cadence Design Systems, takes over from interim leaders David Zinsner and Michelle Johnston Holthaus after Pat Gelsinger was ousted due to poor performance. His appointment follows Intel’s $18.76 billion loss in 2024, its first since 1986. With competitors eyeing Intel, the company aims to regain its position in the chip industry by doubling down on its foundry business, backed by government support under the CHIPS Act.

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Lip-Bu Tan is appointed as Intel's new CEO amid significant challenges for the company, including a substantial financial loss of $18.76 billion in 2024.
Despite being a former board member, Tan's past disagreements with Intel's management strategies raise concerns about the effectiveness of his leadership in turning the company around.
The upcoming launch of the 18A manufacturing process is critical for Intel as it aims to regain competitive standing in the chip market.

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