Intel introduced that its board of administrators has appointed Lip-Bu Tan, a know-how veteran with deep semiconductor business expertise, as chief govt officer, efficient March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan was beforehand on Intel’s board of administrators (BOD) however stepped down in August of 2024, citing “It is a private resolution primarily based on a have to reprioritize varied commitments, and I stay supportive of the corporate and its vital work.” As a part of his new place, he’ll rejoin the Intel BOD.
Zinsner will stay govt vice chairman and chief monetary officer, and Johnston Holthaus will stay CEO of Intel Merchandise. Frank D. Yeary, who took on the function of interim govt chair of the board throughout the seek for a brand new CEO, will revert to being the impartial chair of the board upon Tan turning into CEO.
“Lip-Bu is an distinctive chief whose know-how business experience, deep relationships throughout the product and foundry ecosystems, and confirmed monitor file of making shareholder worth is strictly what Intel wants in its subsequent CEO,” Yeary stated. “All through his lengthy and distinguished profession, he has earned a repute as an innovator who places prospects on the coronary heart of every thing he does, delivers differentiated options to win out there, and builds high-performance cultures to attain success.
“Like many throughout the business, I’ve labored intently with Lip-Bu prior to now and have seen firsthand how his relentless consideration to prospects drives innovation and success,” Yeary continued. “We’re delighted to have Lip-Bu as our CEO as we work to speed up our turnaround and capitalize on the numerous progress alternatives forward.”
Born in 1959 in what’s now Malaysia, Tan grew up and was educated in Singapore; he graduated from Nanyang College with a Bachelor of Science diploma with a significant in physics. Tan later accomplished a Grasp of Science in nuclear engineering on the Massachusetts Institute of Know-how (MIT). After MIT, he continued on the College of San Francisco in California, graduating with a Grasp of Enterprise Administration. In 2022, he acquired the Robert N. Noyce Award, the Semiconductor Trade Affiliation’s highest honor.
Lip-Bu Tan was appointed chief govt officer of Intel Company in March 2025. He additionally serves on the corporate's board of administrators. (Supply: Intel)
Tan, 66, has served since 2021 as govt chairman of Cadence, a computational software program firm offering options for designing and growing complicated semiconductor chips and digital methods, and since 2004 as a member of its board. He served as chief govt officer of Cadence from 2009 to 2021 and as president from 2009 to 2017. Below Tan’s management, Cadence’s web value grew to $1.3 billion by 2012, together with $440 million in that yr alone.
Tan is a longtime know-how investor and extensively revered govt with a few years of semiconductor and software program expertise, in addition to deep relationships throughout Intel’s ecosystem. In 2017, the analytics agency Relationship Science named him probably the most linked govt within the know-how business, garnering an ideal “energy rating” of 100.
On his appointment, Tan stated, “I’m honored to affix Intel as CEO. I’ve great respect and admiration for this iconic firm, and I see vital alternatives to remake our enterprise in ways in which serve our prospects higher and create worth for our shareholders.
“Intel has a strong and differentiated computing platform, an unlimited buyer put in base, and a strong manufacturing footprint that’s getting stronger by the day as we rebuild our course of know-how roadmap,” Tan continued. “I’m keen to affix the corporate and construct upon the work all the Intel crew has been doing to place our enterprise for the longer term.”
Yeary added, “On behalf of the board, I wish to thank Dave and Michelle for his or her steadfast management as interim co-CEOs. Their self-discipline and focus have been a supply of stability as we proceed the work wanted to ship higher execution, rebuild product management, advance our foundry technique, and start to regain investor confidence.”
Tan can be a founding managing companion of Walden Catalyst Ventures and chairman of Walden Worldwide. He has vital public firm board expertise, at present serving on the Credo Know-how Group and Schneider Electrical boards.
This text first appeared on HPCwire.
