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SANTA CLARA, Calif. – March 12, 2025 – Intel Corporation (Nasdaq: INTC) has announced an exciting change in leadership, appointing Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, an accomplished technology leader with over two decades of experience in the semiconductor and software industries, will succeed interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. This appointment signals a new chapter for Intel, with Tan’s leadership set to drive the company’s future success and innovation.
Intel’s board of directors has unanimously chosen Lip-Bu Tan for the role, recognizing his remarkable track record in the technology sector. He will also rejoin Intel’s board of directors after stepping down in August 2024. While Tan takes the helm as CEO, Zinsner will continue his role as Executive Vice President and Chief Financial Officer, while Johnston Holthaus will remain in charge of Intel Products. Frank D. Yeary, who temporarily assumed the role of interim executive chair of the board during the CEO search, will return to his position as independent chair.
Yeary expressed high regard for Tan’s leadership, noting that Tan’s deep expertise in technology, extensive network across the semiconductor ecosystem, and proven ability to create shareholder value are exactly what Intel needs at this crucial time. “Lip-Bu’s relentless customer focus and commitment to innovation will be essential in accelerating Intel’s transformation and realizing its growth potential,” said Yeary.
Upon his appointment, Tan shared his excitement for the future of Intel, stating, “I am honored to join Intel as CEO. This iconic company has immense opportunities to redefine its business and better serve its customers. Intel’s powerful computing platform, large customer base, and expanding manufacturing capabilities provide a solid foundation for future success.”
Tan acknowledged the remarkable work done by the Intel team in recent years, particularly in rebuilding the company’s process technology roadmap. He is eager to continue that momentum, focusing on strengthening Intel’s position in the market and delivering customer-driven solutions. “I look forward to working alongside the talented Intel team to build upon the great strides made so far and take the company to new heights,” he added.
Tan is no stranger to leading technology companies through significant transformations. As the CEO of Cadence Design Systems from 2009 to 2021, Tan spearheaded the company’s reinvention, fostering a culture centered around customer-driven innovation. Under his leadership, Cadence more than doubled its revenue, significantly improved its operating margins, and saw its stock price soar by more than 3,200%.
Tan’s exceptional leadership was recognized with the Robert N. Noyce Award in 2022, the highest honor in the semiconductor industry. His extensive experience as an investor and executive makes him an ideal fit to lead Intel into its next phase of growth. In addition to his work at Cadence, Tan is a founding managing partner of Walden Catalyst Ventures and serves as chairman of Walden International. He also holds board positions at Credo Technology Group and Schneider Electric, further solidifying his deep industry connections.
Tan’s academic background includes a Bachelor of Science in Physics from Nanyang Technological University in Singapore, a Master of Science in Nuclear Engineering from the Massachusetts Institute of Technology (MIT), and an MBA from the University of San Francisco. His well-rounded expertise in both technology and business will be instrumental in driving Intel’s continued success.
Tan’s appointment comes at a pivotal moment for Intel as the company focuses on accelerating its turnaround and seizing new growth opportunities. Intel’s leadership in the semiconductor industry has been challenged by rapid technological advancements and evolving customer needs, but under Tan’s direction, the company is poised to capitalize on its strengths.
The company is committed to strengthening its position in the semiconductor market by focusing on innovation, advancing its foundry strategy, and rebuilding its product leadership. Tan’s customer-first approach and his ability to foster high-performance cultures will help Intel deliver differentiated solutions that drive success in the marketplace.
Yeary concluded, “We are confident that with Lip-Bu at the helm, Intel will not only recover but thrive in the years ahead. His leadership, vision, and expertise will be instrumental in achieving the company’s goals and regaining investor confidence.”
With Tan now at the helm, Intel is well-positioned to continue its legacy of innovation and technological excellence. As the company enters this new era, all eyes will be on Tan and his leadership team as they work to propel Intel into the future.
SANTA CLARA, Calif. – March 12, 2025 – Intel Corporation (Nasdaq: INTC) has announced an exciting change in leadership, appointing Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, an accomplished technology leader with over two decades of experience in the semiconductor and software industries, will succeed interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. This appointment signals a new chapter for Intel, with Tan’s leadership set to drive the company’s future success and innovation.
Intel’s board of directors has unanimously chosen Lip-Bu Tan for the role, recognizing his remarkable track record in the technology sector. He will also rejoin Intel’s board of directors after stepping down in August 2024. While Tan takes the helm as CEO, Zinsner will continue his role as Executive Vice President and Chief Financial Officer, while Johnston Holthaus will remain in charge of Intel Products. Frank D. Yeary, who temporarily assumed the role of interim executive chair of the board during the CEO search, will return to his position as independent chair.
Yeary expressed high regard for Tan’s leadership, noting that Tan’s deep expertise in technology, extensive network across the semiconductor ecosystem, and proven ability to create shareholder value are exactly what Intel needs at this crucial time. “Lip-Bu’s relentless customer focus and commitment to innovation will be essential in accelerating Intel’s transformation and realizing its growth potential,” said Yeary.
Upon his appointment, Tan shared his excitement for the future of Intel, stating, “I am honored to join Intel as CEO. This iconic company has immense opportunities to redefine its business and better serve its customers. Intel’s powerful computing platform, large customer base, and expanding manufacturing capabilities provide a solid foundation for future success.”
Tan acknowledged the remarkable work done by the Intel team in recent years, particularly in rebuilding the company’s process technology roadmap. He is eager to continue that momentum, focusing on strengthening Intel’s position in the market and delivering customer-driven solutions. “I look forward to working alongside the talented Intel team to build upon the great strides made so far and take the company to new heights,” he added.
Tan is no stranger to leading technology companies through significant transformations. As the CEO of Cadence Design Systems from 2009 to 2021, Tan spearheaded the company’s reinvention, fostering a culture centered around customer-driven innovation. Under his leadership, Cadence more than doubled its revenue, significantly improved its operating margins, and saw its stock price soar by more than 3,200%.
Tan’s exceptional leadership was recognized with the Robert N. Noyce Award in 2022, the highest honor in the semiconductor industry. His extensive experience as an investor and executive makes him an ideal fit to lead Intel into its next phase of growth. In addition to his work at Cadence, Tan is a founding managing partner of Walden Catalyst Ventures and serves as chairman of Walden International. He also holds board positions at Credo Technology Group and Schneider Electric, further solidifying his deep industry connections.
Tan’s academic background includes a Bachelor of Science in Physics from Nanyang Technological University in Singapore, a Master of Science in Nuclear Engineering from the Massachusetts Institute of Technology (MIT), and an MBA from the University of San Francisco. His well-rounded expertise in both technology and business will be instrumental in driving Intel’s continued success.
Tan’s appointment comes at a pivotal moment for Intel as the company focuses on accelerating its turnaround and seizing new growth opportunities. Intel’s leadership in the semiconductor industry has been challenged by rapid technological advancements and evolving customer needs, but under Tan’s direction, the company is poised to capitalize on its strengths.
The company is committed to strengthening its position in the semiconductor market by focusing on innovation, advancing its foundry strategy, and rebuilding its product leadership. Tan’s customer-first approach and his ability to foster high-performance cultures will help Intel deliver differentiated solutions that drive success in the marketplace.
Yeary concluded, “We are confident that with Lip-Bu at the helm, Intel will not only recover but thrive in the years ahead. His leadership, vision, and expertise will be instrumental in achieving the company’s goals and regaining investor confidence.”
With Tan now at the helm, Intel is well-positioned to continue its legacy of innovation and technological excellence. As the company enters this new era, all eyes will be on Tan and his leadership team as they work to propel Intel into the future.
SANTA CLARA, Calif. – March 12, 2025 – Intel Corporation (Nasdaq: INTC) has announced an exciting change in leadership, appointing Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, an accomplished technology leader with over two decades of experience in the semiconductor and software industries, will succeed interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. This appointment signals a new chapter for Intel, with Tan’s leadership set to drive the company’s future success and innovation.
Intel’s board of directors has unanimously chosen Lip-Bu Tan for the role, recognizing his remarkable track record in the technology sector. He will also rejoin Intel’s board of directors after stepping down in August 2024. While Tan takes the helm as CEO, Zinsner will continue his role as Executive Vice President and Chief Financial Officer, while Johnston Holthaus will remain in charge of Intel Products. Frank D. Yeary, who temporarily assumed the role of interim executive chair of the board during the CEO search, will return to his position as independent chair.
Yeary expressed high regard for Tan’s leadership, noting that Tan’s deep expertise in technology, extensive network across the semiconductor ecosystem, and proven ability to create shareholder value are exactly what Intel needs at this crucial time. “Lip-Bu’s relentless customer focus and commitment to innovation will be essential in accelerating Intel’s transformation and realizing its growth potential,” said Yeary.
Upon his appointment, Tan shared his excitement for the future of Intel, stating, “I am honored to join Intel as CEO. This iconic company has immense opportunities to redefine its business and better serve its customers. Intel’s powerful computing platform, large customer base, and expanding manufacturing capabilities provide a solid foundation for future success.”
Tan acknowledged the remarkable work done by the Intel team in recent years, particularly in rebuilding the company’s process technology roadmap. He is eager to continue that momentum, focusing on strengthening Intel’s position in the market and delivering customer-driven solutions. “I look forward to working alongside the talented Intel team to build upon the great strides made so far and take the company to new heights,” he added.
Tan is no stranger to leading technology companies through significant transformations. As the CEO of Cadence Design Systems from 2009 to 2021, Tan spearheaded the company’s reinvention, fostering a culture centered around customer-driven innovation. Under his leadership, Cadence more than doubled its revenue, significantly improved its operating margins, and saw its stock price soar by more than 3,200%.
Tan’s exceptional leadership was recognized with the Robert N. Noyce Award in 2022, the highest honor in the semiconductor industry. His extensive experience as an investor and executive makes him an ideal fit to lead Intel into its next phase of growth. In addition to his work at Cadence, Tan is a founding managing partner of Walden Catalyst Ventures and serves as chairman of Walden International. He also holds board positions at Credo Technology Group and Schneider Electric, further solidifying his deep industry connections.
Tan’s academic background includes a Bachelor of Science in Physics from Nanyang Technological University in Singapore, a Master of Science in Nuclear Engineering from the Massachusetts Institute of Technology (MIT), and an MBA from the University of San Francisco. His well-rounded expertise in both technology and business will be instrumental in driving Intel’s continued success.
Tan’s appointment comes at a pivotal moment for Intel as the company focuses on accelerating its turnaround and seizing new growth opportunities. Intel’s leadership in the semiconductor industry has been challenged by rapid technological advancements and evolving customer needs, but under Tan’s direction, the company is poised to capitalize on its strengths.
The company is committed to strengthening its position in the semiconductor market by focusing on innovation, advancing its foundry strategy, and rebuilding its product leadership. Tan’s customer-first approach and his ability to foster high-performance cultures will help Intel deliver differentiated solutions that drive success in the marketplace.
Yeary concluded, “We are confident that with Lip-Bu at the helm, Intel will not only recover but thrive in the years ahead. His leadership, vision, and expertise will be instrumental in achieving the company’s goals and regaining investor confidence.”
With Tan now at the helm, Intel is well-positioned to continue its legacy of innovation and technological excellence. As the company enters this new era, all eyes will be on Tan and his leadership team as they work to propel Intel into the future.
SANTA CLARA, Calif. – March 12, 2025 – Intel Corporation (Nasdaq: INTC) has announced an exciting change in leadership, appointing Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. Tan, an accomplished technology leader with over two decades of experience in the semiconductor and software industries, will succeed interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. This appointment signals a new chapter for Intel, with Tan’s leadership set to drive the company’s future success and innovation.
Intel’s board of directors has unanimously chosen Lip-Bu Tan for the role, recognizing his remarkable track record in the technology sector. He will also rejoin Intel’s board of directors after stepping down in August 2024. While Tan takes the helm as CEO, Zinsner will continue his role as Executive Vice President and Chief Financial Officer, while Johnston Holthaus will remain in charge of Intel Products. Frank D. Yeary, who temporarily assumed the role of interim executive chair of the board during the CEO search, will return to his position as independent chair.
Yeary expressed high regard for Tan’s leadership, noting that Tan’s deep expertise in technology, extensive network across the semiconductor ecosystem, and proven ability to create shareholder value are exactly what Intel needs at this crucial time. “Lip-Bu’s relentless customer focus and commitment to innovation will be essential in accelerating Intel’s transformation and realizing its growth potential,” said Yeary.
Upon his appointment, Tan shared his excitement for the future of Intel, stating, “I am honored to join Intel as CEO. This iconic company has immense opportunities to redefine its business and better serve its customers. Intel’s powerful computing platform, large customer base, and expanding manufacturing capabilities provide a solid foundation for future success.”
Tan acknowledged the remarkable work done by the Intel team in recent years, particularly in rebuilding the company’s process technology roadmap. He is eager to continue that momentum, focusing on strengthening Intel’s position in the market and delivering customer-driven solutions. “I look forward to working alongside the talented Intel team to build upon the great strides made so far and take the company to new heights,” he added.
Tan is no stranger to leading technology companies through significant transformations. As the CEO of Cadence Design Systems from 2009 to 2021, Tan spearheaded the company’s reinvention, fostering a culture centered around customer-driven innovation. Under his leadership, Cadence more than doubled its revenue, significantly improved its operating margins, and saw its stock price soar by more than 3,200%.
Tan’s exceptional leadership was recognized with the Robert N. Noyce Award in 2022, the highest honor in the semiconductor industry. His extensive experience as an investor and executive makes him an ideal fit to lead Intel into its next phase of growth. In addition to his work at Cadence, Tan is a founding managing partner of Walden Catalyst Ventures and serves as chairman of Walden International. He also holds board positions at Credo Technology Group and Schneider Electric, further solidifying his deep industry connections.
Tan’s academic background includes a Bachelor of Science in Physics from Nanyang Technological University in Singapore, a Master of Science in Nuclear Engineering from the Massachusetts Institute of Technology (MIT), and an MBA from the University of San Francisco. His well-rounded expertise in both technology and business will be instrumental in driving Intel’s continued success.
Tan’s appointment comes at a pivotal moment for Intel as the company focuses on accelerating its turnaround and seizing new growth opportunities. Intel’s leadership in the semiconductor industry has been challenged by rapid technological advancements and evolving customer needs, but under Tan’s direction, the company is poised to capitalize on its strengths.
The company is committed to strengthening its position in the semiconductor market by focusing on innovation, advancing its foundry strategy, and rebuilding its product leadership. Tan’s customer-first approach and his ability to foster high-performance cultures will help Intel deliver differentiated solutions that drive success in the marketplace.
Yeary concluded, “We are confident that with Lip-Bu at the helm, Intel will not only recover but thrive in the years ahead. His leadership, vision, and expertise will be instrumental in achieving the company’s goals and regaining investor confidence.”
With Tan now at the helm, Intel is well-positioned to continue its legacy of innovation and technological excellence. As the company enters this new era, all eyes will be on Tan and his leadership team as they work to propel Intel into the future.