Intel Corporation, a leading semiconductor manufacturer based in California, United States, has appointed Lip-Bu Tan as its new CEO, effective March 18, 2025. Tan, a Malaysian-born and Singapore-raised industry veteran, has decades of experience in chip design and investment. His appointment follows the departure of Pat Gelsinger, who was removed due to Intel’s struggles in product innovation. The announcement led to an 11% surge in Intel’s stock, reflecting investor confidence in Tan’s leadership.
Intel Corporation, one of the world’s largest semiconductor manufacturers, has appointed Lip-Bu Tan as its new Chief Executive Officer (CEO), effective March 18, 2025. The company, headquartered in Santa Clara, California, made the announcement on March 13, 2025, marking a significant leadership transition as it aims to recover from market challenges.
Intel, a leading player in the global semiconductor industry, has faced increasing competition and a decline in market share in recent years. The company’s processors power over 70% of personal computers and server machines worldwide, generating more than $50 billion in annual revenue. However, manufacturing delays and financial struggles have led to job cuts and a sharp decline in its stock value.
Lip-Bu Tan’s Background and Industry Expertise
Lip-Bu Tan, 65, is a Malaysian-born executive who was raised in Singapore. He pursued his undergraduate studies in physics at Nanyang University before earning a master’s degree in nuclear engineering from the Massachusetts Institute of Technology (MIT). Later, he shifted his focus to business and completed an MBA at the University of San Francisco.
Tan’s career in the semiconductor sector spans decades. He played a crucial role in the growth of Cadence Design Systems, a leading electronic design automation company, where he served as CEO from 2008 to 2017 and later as chairman until 2023. He has also been an influential figure in venture capital, investing in semiconductor and artificial intelligence startups.
Intel’s Struggles and the Leadership Change
Tan succeeds Pat Gelsinger, who was removed from the CEO position after failing to accelerate Intel’s innovation and regain market leadership. The board’s decision to appoint Tan signals a strategic move to leverage his expertise in chip design and manufacturing to address Intel’s ongoing challenges.
Intel’s stock surged 11% following the announcement, reflecting investor optimism about Tan’s leadership. The share price had been on a downward trajectory, losing 54% over the past year due to declining earnings and increased competition from rivals such as AMD and NVIDIA.
Intel’s Future Under Tan’s Leadership
As the new CEO, Tan is expected to focus on revitalizing Intel’s product lineup, improving its manufacturing processes, and strengthening its position in the semiconductor market. Industry experts believe his experience in chip design and strategic investments will help Intel navigate the evolving technology landscape.
Despite recent struggles, Intel remains a key player in the global semiconductor industry. With Tan at the helm, the company aims to regain momentum and drive innovation in the sector.
