Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12%

Intel said on Wednesday that it had appointed Malaysia-born American Lip-Bu Tan as its new CEO, as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in extended trading.

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.

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.

“In areas where we have momentum, we need to double down and extend our advantage,” Tan said in statement on Intel’s website. “In areas where we are behind the competition, we need to take calculated risks to disrupt and leapfrog. And in areas where our progress has been slower than expected, we need to find ways to pick up the pace.”

https://www.cnbc.com/2025/03/12/intel-appoi...-11percent.html



This post has been edited by ipohps3: Mar 13 2025, 01:10 PM

NBDRE 🚀🚀🚀

zerorating ifourtos iSean rtk73 fantasy1989

This post has been edited by ipohps3: Mar 13 2025, 06:30 AM

Intel stealing CHinese gene technology!!!

pillage2001 Xflkekw kaiserreich GoldenEra9 ChipZ

This post has been edited by ipohps3: Mar 13 2025, 06:45 AM

I wonder if his brother Ram-Bu Tan will become Google's CEO soon.

Surname Tan is clearly My or SG. Wow... Top chip makers AMD, Intel, NVIDIA all lead by China gene CEO.

EXACTLY

Majority gonna enter ram bu tan zone soon... if beli...

Intel and Broadcom CEO also both Malaysian.

That's why we need tongkat here to balance it, if even the US themselves acknowledge that China is their no 1 competitor.

So jangan persoal our tongkat in the future, even Trump asking for tongkat tariff worldwide.

Inb4 ayam use tongkat to play golf.

This post has been edited by smsid: Mar 13 2025, 06:40 AM

They are no longer Malaysian

Stop claiming malaysian. They already given up citizenship.

done claim

intel, tan from muar, grew up in SG, nanyang U then MIT.
broadcom, tan, from penang, MIT and later havard.

smart ppl.

ex-Malaysian aka Malaysia born

Malaysia's number one export is talent 👍🤭

Both Broadcom and now Intel CEO born in Malaysia only can find success in the US. They are not mainland Chinese. This is what happen if you have tongkat, non-OKU people move elsewhere to find success (not only in semiconductor field)
Tariff != Tongkat

Luckily US companies don't have racist kulitfication quota

Tariff is tongkat, you are forcing tax worldwide to feed US treasury to pay Medicare, Israel tongkat bombs, and other social programs.

LOL