Intel late on Wednesday said it had appointed Lip-Bu Tan as its new chief executive officer effective March 18, 2025. Lip-Bu Tan is a semiconductor industry veteran who served Intel's board of directors from 2022 to August, 2024, when he left allegedly due to disagreements over the company's strategic direction. He was among people who were publicly considered for the role. In addition to becoming the CEO, he will also re-join the BOD.
"Lip-Bu is an exceptional leader whose technology industry expertise, deep relationships across the product and foundry ecosystems, and proven track record of creating shareholder value is exactly what Intel needs in its next CEO," said Frank D. Yeary, chairman of Intel.
