Intel has officially named Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, 2025. This strategic move aims to strengthen the company’s position in AI and semiconductor manufacturing, further expanding its foundry services business.
A Visionary Leader to Drive Transformation
Lip-Bu Tan, a veteran in the semiconductor industry, brings extensive experience in chip design and manufacturing. Previously serving as CEO of Cadence Design Systems from 2009 to 2021, Tan successfully drove revenue growth, expanded operating margins, and delivered a stock price appreciation of over 3,200%. He also holds significant experience in venture capital through Walden International and Walden Catalyst, focusing on AI and semiconductor investments.
Frank D. Yeary, Independent Chair of Intel’s Board of Directors, emphasized Tan’s expertise, stating, “Lip-Bu is an exceptional leader with deep industry relationships and a proven track record of delivering shareholder value. His appointment marks a crucial step in Intel’s future growth.”
Intel’s Strategic Shift Under New Leadership
Intel has faced challenges in recent years, including market share losses and financial pressures. However, the company remains committed to its dual business model, integrating traditional semiconductor manufacturing with its growing foundry services division to compete with industry leaders like TSMC.
Tan’s appointment signals a focused approach toward improving execution rather than altering Intel’s strategic direction. His background in electronic design automation (EDA) and semiconductor investments positions him to bridge the gap between chip design and manufacturing, reinforcing Intel’s competitive edge.
Stability Through Transition
Tan takes over from interim co-CEOs Michelle Johnston Holthaus and Dave Zinsner, who have managed Intel since December 2024. Holthaus will continue as CEO of Intel Products, while Zinsner returns to his role as Chief Financial Officer. Both will report directly to Tan, ensuring a seamless transition and continuity in leadership.
“Since last December, Michelle and Dave have stabilized Intel’s performance and positioned the company for future growth,” said Yeary. “With Lip-Bu at the helm, we are confident in our ability to deliver on our strategic goals.”
Intel’s Commitment to Innovation and Growth
Despite economic and competitive challenges, Intel remains committed to expanding its manufacturing capabilities across multiple global locations, including the U.S., Germany, Israel, Poland, and Ireland.
With Tan leading the charge, Intel aims to refine its execution, enhance foundry services, and strengthen its role in the AI-driven semiconductor industry.
