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Santa Clara, March 13: Lip-Bu tan, a veteran from semiconductor industry, is appointed as the new Intel CEO after Pat Gelsinger resigned last year, The Lip-Bu Tan has assumed the office and sent a message to the employees in his first memo, sharing his vision about the company. Lip-Bu Tan said that he joined as CEO of Intel knowing that the company had what it would take to win. Intel's new CEO said that he believed that the company had a unique opportunity to remake itself at one of the most pivotal moments in the history.
Intel's new leader Lip-Bu Tan previously worked in the industry as a CEO of Cadence Design System which solidified his position. Also, he he been a board member of Intel between 2022 to 2024 during when he focused on three philosophies which included staying humble, working hard and delighting company's customers. Intel appointed Lip-Bu Tan as its new CEO on March 12, 2025 and he expressed, he said, "I am honored to join Intel as CEO.
I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders." Intel has been struggling to establish itself as a leader in semiconductor industry and fails to capture the AI market. Due to the poor performance in the market and intense competition, Intel, under the leadership of Pat Gelsinger, started cutting jobs to save some money and focus on the growth.
However, despite announcing the massive layoffs last year affecting around 16,000 people, Intel still faces stiff competition from NVIDIA and AMD. (The above story first appeared on LatestLY on Mar 13, 2025 05:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.
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