Intel appoints Lip-Bu Tan, former CEO of Cadence, as its new CEO

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Intel Appoints Lip-Bu Tan as CEO

Intel has appointed Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, a veteran in the semiconductor industry and former CEO of Cadence Design Systems, succeeds interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. His appointment comes at a crucial time for Intel, as the company faces challenges in the AI-driven semiconductor race and is undergoing restructuring efforts. Tan's experience in transforming Cadence Design Systems, where he doubled revenue and led a significant stock appreciation, is expected to help Intel regain its market position.

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