Intel Appoints Lip-Bu Tan As CEO (cnbc.com)
(Wednesday March 12, 2025 @06:50PM (BeauHD)
from the time-to-turn-things-around dept.)
- Reference: 0176697545
- News link: https://slashdot.org/story/25/03/12/2118219/intel-appoints-lip-bu-tan-as-ceo
- Source link: https://www.cnbc.com/2025/03/12/intel-appoints-lip-bu-tan-as-new-ceo-stock-up-11percent.html
Intel has [1]appointed Lip-Bu Tan as its new CEO in an effort to turn around the struggling chipmaker, following the resignation of Pat Gelsinger. CNBC reports:
> Tan was previously CEO of Cadence Design Systems, which makes software used by all the major chip designers, including Intel. He was an Intel board member but departed last year, citing other commitments. Tan replaces interim co-CEOs David Zinsner and MJ Holthaus, who took over in December when former Intel CEO Patrick Gelsinger was ousted. Tan is also rejoining Intel's board. [...] Intel shares rose over 12% in extended trading on Wednesday.
[1] https://www.cnbc.com/2025/03/12/intel-appoints-lip-bu-tan-as-new-ceo-stock-up-11percent.html
> Tan was previously CEO of Cadence Design Systems, which makes software used by all the major chip designers, including Intel. He was an Intel board member but departed last year, citing other commitments. Tan replaces interim co-CEOs David Zinsner and MJ Holthaus, who took over in December when former Intel CEO Patrick Gelsinger was ousted. Tan is also rejoining Intel's board. [...] Intel shares rose over 12% in extended trading on Wednesday.
[1] https://www.cnbc.com/2025/03/12/intel-appoints-lip-bu-tan-as-new-ceo-stock-up-11percent.html
Cautiously optimisitc? (Score:3)
Like it or not, Intel is the closest thing to a TSMC we have in the US. Having been on the board of Intel previously is a concern, it would have been more reassuring to get a clean start from someone outside Intel's inner circle. Hopefully he understands that Intel can't count on the Intel + Microsoft duopoly anymore. Tan needs to push Intel firmly into the ARM game, no matter how many internal egos or deniers get hurt from putting x86 on life support.
Re:Cautiously optimisitc? (Score:4, Interesting)
It's a downward spiral in trust for Intel.
I wouldn't be surprised if there's a takeover coming.