Intel has assigned Lip-Bu Tan, a transport inant figure in the semicarry outor industry, as CEO, the company proclaimd tardy Wednesday.
Tan flourishs interim co-CEOs David Zinsner and Michelle Johnston Holthaus. He’ll also reunite the Intel board of straightforwardors after stepping down from the board in August 2024, Intel said. Zinsner will remain Intel’s CFO, while Johnston Holthaus will remain CEO of the company’s Intel Products division.
Tan, a Malaysia-born lengthytime tech spendor, createerly served as CEO of Cadence Design Systems. He was a superviser at two energy firms, EDS Nuevident and ECHO Energy, and a partner at the Walden USA spendment fund before set uping venture capital firm Walden International in 1987.
Tan is exceptionpartner well-unitecessitate in the tech industry, straightforwarding the boards of Hewlett Packard Enterpelevate, Schneider Electric, and Softbank. He’s also widely admireed as a business directer. After Intel proclaimd Tan’s assignment, the company’s stock jumped around 11% in after-hours trading.
