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

Those company bodoh or what, maybe follow AI response

Sure their trade secret all go China.

beraking: Beijing spies infiltrating tech firms in US

Why are you still salty Israel eliminating terrorists? Tariff just level set the competition.

They are genocider, by using tongkat given to them by the US.

Even poor war-torn country like Ukraine have to pay back every penny.

Just face it, the tariff is just tongkat, to pay tongkat programs.

You see Medicare protest in America, you know they need more money to cover it.

Yup, dulu, kini & selama nya!

agree. tariffs is a form of protectionism against free market competition. hilarious to see some /k wanna defend it as not. kata mau meritocracy but... 🤭🤭🤭

This post has been edited by ipohps3: Mar 13 2025, 07:34 AM

Whose your CEO? Liputan.
As in coverage?

This shows Malaysia is not doing enough to retain talent.

I assume you mean non OKU-ed

Intel stock is going to 100 in a year or 2. All in now.

doubt. unless the Fab is split out.

and x86/64 market share is stagnant/grow at slow pace compared to ARM and RISCV.

which means x86/64 market share will become smaller over time while total available market is growing.

This post has been edited by ipohps3: Mar 13 2025, 07:43 AM

Why should it retain talent?
Talented people are a pain in the ass, calculative & difficult for the Politicians to songlap!
#ApaMaluBossKu?

nice try. one is American, another is Singaporean.

This guy started his own investment firm and grew it from $20m to $2 billion dollar.

Founding venture capital firm Walden International in 1987.[10][9][11] He named the firm after the book Walden by Henry David Thoreau because Tan's goal was to be like Thoreau: "contrarian, rather than just following the trend."[8] Growing from $20 million upon its founding to $2 billion.

https://en.wikipedia.org/wiki/Lip-Bu_Tan

Also it looks like his wife Ysa Loo is quite prominent and is related to this two man
- https://en.wikipedia.org/wiki/Kington_Loo
- https://en.wikipedia.org/wiki/Loke_Yew

erm... they retain it for what?? become a politikus that only know how to talk talk and talk?? or work in some songlap focused GLC? anyway, malaysia never needed any talent, not in engineering field that is..

Everywhere you go also got high level of corruption.

Only difference is, our politicians are not smart enough to hide it like others.

They are lazy like bijan, just cincai lie to cover his tracks.

You look at Taiwan, being forced to export their talents to America whether they like it or not, that's brain-drain too.

It was supposed to be Taiwan bargaining chip or "cards".

Except Malaysia's brain drain is very much biased towards a certain race.

Well people doubted amd last time. With this new CEO, I can see they are serious now. I am going to bet on it

they should get a Bharat CEO

Bharat CEO seems to be more on software company.

How about Taiwan brain drain?

Those are their cards, their bargaining chip to force the US to protect their nation.

The US no longer need Taiwan by forcing them to open their advanced microchip factory in US soil.

Now Taiwan is only useful to weaken China, and they no longer have any card, Trump took them forcefully.

Brain-drain is inevitable for many countries, and even India is experiencing it.

This post has been edited by smsid: Mar 13 2025, 08:15 AM

Both ex Malaysian

they will make malaysia pay by firing more people in penang

kekekeke

korreted

Tongkat makes people lazy n contended. And stupid? Cos tak payah belajar sungguh2.

He is not even study in Malaysia Bushito university..

Genuinely have no idea you’re wilfully ignorant and not able to comprehend what I wrote

So instead of sharing the money with everyone in Malaysia, we should funnel every ringgit to billionaires only?

So our billionaires could compete with U.S billionaires?

Those money better spend on poor people, so everyone can afford kkm 1 ringgit only.

See South Korea, their youth are suffering, most of them can never own their first home.

amd last time was 10+ years. the market has moved on since then from x86/64

10 years ago...

x86/64 still dominant and no alternative
don't have trade war
ARM not yet reach desktop and server market
no Apple M series, Qualcomm Snapdragon X Elite
no Nvida AI chips
no RISCV

i only looking forward to Intel Fab to function as a foundry to make chips for other companies which is not designed with x86/64. and unless they have alternative to AI solutions like Nvidia.

even amd stock now is 50% off ATH and never touch it again.

ifourtos

This post has been edited by ipohps3: Mar 13 2025, 09:05 AM

Jam-Bu Tan got!! Ram-Bu Tan is working with the AMD...ohwaiii

This post has been edited by nebula87: Mar 13 2025, 08:52 AM

I'm just saying, in the end, US will still attract each country best mind, whether you like it or not.

Go askk Taiwan, they were forcefully brain drain and lose their only card.

Now Taiwan have zero card like Zelenskyy.

Hopefully the new CEO will help salvage the Penang new plant?

Hahaaha

cham o.
i tot he fight with former ceo because on bloat issue.
megatrim is coming.

Done claim.

Cina gens ftw

bro, seriously, i go google Ram-bu Tan.

maybe he will have special treatment to Intel Penang since he born in Malaysia 😇

This post has been edited by ipohps3: Mar 13 2025, 09:01 AM

>inb4 fantasy1989 lulz
Nearlee

very strong intro leh

I also miss my first pc with the Intel Inside logo

https://newsroom.intel.com/corporate/lip-bu...-company-future

time to run penangkia

These few years, bought several computer consisting of amd or apple chip and none of it from intel.

So next one gonna be intel to suppork...

This is very bad news for Intel employees. Tan was a board member of Intel until he resigned last year because his proposal to cut vast numbers of mid mangers wasn't adopted. Now as CEO, a new round of layoff will be the 1st on his to-do list.

No point helping a sinking ship, esp now with destructive green wave.

yup better cut those middle managers

seem like he know the major issue in Intel. looks promising.

why?

ex Intel executive got wrote a long article on this

It reflects so badly on Mahathir's policy in the past.

Take a look at Mahathir now, playing R&R and blaming nons for malays staying in kampung.
His statements are getting less and less intelligent.

This post has been edited by Drian: Mar 13 2025, 09:35 AM

Lol doneclaim?

most engineer (those that really does the ground work) in intel know that intel houses the most "power point manager", whereby all they do is talk and do presentation using power point. it add more friction to the whole working process without benefiting anything except their own pocket. they are also entitled for handsome salary and RSU(compare to engineers).
it is a dream job for those engineer with weak technical skills.

This post has been edited by brkli: Mar 13 2025, 09:40 AM

Mass firing inkambing under this Tan

Gg all the middle managers

Intel stocks $18-$19 people are accumulating

This post has been edited by mois: Mar 13 2025, 09:39 AM

Never trust a tan

This with or without him also sure happen. Just that they waiting for CEO to come before do it

Tongkat addict detected
DNA malu apa semakin berleluasa dalam puak

Dengki dan puak tiada berpisah

All these CEO has like a template to follow. 1st agenda is always always firing people. Trim the fat they say. Easiest and fastest way to bring up the stock price. If cut too much then rehire later. AKA Doge.

All Pg Intel staff, brace yourself.

bring in the DOGE team if they have to

Rather than having those tongkat being funnel to billionaires, better shared among Malaysian people.

If anyone here uses kkm 1 ringgit, you are also tongkat recipients.

Also not forgetting subsidies, everyone benefitting it, it stabilize the price better during festival too.

Intel has a very bloated management system. The only company that I know that has 1000++ vice presidents.

They behave more like a marketing company.Hyping up something before it is a reality.

Buy EUV machine also they need to tel the whole world about it.

They lack detail and they like to talk in very high level marketing statements which are all fluff.

If everyone benefited from it, it is welfare.

Malusian >>> Bherakian

Congratulations! To Tan seri Lip bu Tan...


Oops excuse me mistaken doneclaim.


Anyway Congrats!

Awareness on damage of tongkat is essential for the betterment of nation.
Yet, tongkat addict so much addicted to tongkat and justify it regardless. Over the time become OKU that cannot stand on it own

Berdikari - berdiri atas kaki sendiri

inb4

You go check South Korea, zero tongkat there, youth work many jobs also will have hard time to earn their first home.

You want those money to be funnel directly to top helang and create even worst disparity of wealth among people?

No point if certain people have scalper mentality, it ruin everything by completely exploiting it to enrich themselves only.

I agree. Tan Lip Bu philosophy may cause more headcount cut.

Maybe Intel will still go through another 1 or 2 years pain.

It was a great company. May Intel revive under CEO Tan.

done claim

Another proof of brain drain. While previous ruling government focus on 3Rs and do too little on economy, the bright brains will go away.
To be fair, politician play 3Rs because it's works. I blame rakyat for it. Extremist from Non Malay are also get the blame for play along 3Rs line.

We always c done claim from oversea is from other type

Why would tongkat be funneled to billionaires?
You want to plotek tongkat system also use facts la.


This post has been edited by Drian: Mar 13 2025, 10:27 AM

Correct what, they don't want to spend on education, no point, brain drain either way, kkm already 1 ringgit, place full of malls, military already spend so much on invisible ships, then funnel those money to where?

So bloody true. Already lagging TSMC by miles, and the moment they get a High NA EUV tool to try clawing back their lead, they can't help but to have multiple photo ops before letting the engineers start installing and using the damned tool. Even asked the movers to tie a ribbon on top, which I assume is not a standard practice for industrial movers.