Lip-Bu Tan: Intel names new CEO to lead the struggling chipmaker’s turnaround effort
1 week, 4 days ago

Lip-Bu Tan: Intel names new CEO to lead the struggling chipmaker’s turnaround effort

CNN  

New York CNN — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan as chief executive, after former CEO Pat Gelsinger resigned in December. Tan spent more than a decade as CEO of technology design firm Cadence Design Systems, where he led a “reinvention of the company,” according to Intel. “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,” Intel’s interim executive chair Frank Yeary said in a statement.

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Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know
Trending News
5 days, 7 hours ago

Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know

ABP News  

Intel’s incoming CEO, Lip-Bu Tan, is gearing up for a sweeping transformation of the company, with plans to refine its artificial intelligence approach and restructure chip manufacturing. His strategy also includes optimising Intel’s manufacturing operations, which have expanded beyond internal chip production to accommodate external clients such as Nvidia. Stock Soars as Investors Eye Strategic Shifts Following reports of Tan’s …

Intel's new CEO plots overhaul of manufacturing and AI operations
5 days, 10 hours ago

Intel's new CEO plots overhaul of manufacturing and AI operations

Deccan Chronicle  

San Francisco: Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant. Tan, 65, former CEO of chip design software firm Cadence and tech investor, …

Intel to fire several employees, company says need to make tough decisions
6 days, 16 hours ago

Intel to fire several employees, company says need to make tough decisions

India Today  

Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant. In returning as CEO, Tan is set to take over the American icon after a …

Inside the mind of Intel’s new CEO: ‘Disrupt and Leapfrog’
1 week, 2 days ago

Inside the mind of Intel’s new CEO: ‘Disrupt and Leapfrog’

Live Mint  

They say Lip-Bu Tan is the best hope to fix Intel —if Intel can be fixed at all. “He is brave enough to adjust the workforce to the size needed for the business today," said Reed Hundt, a former Intel board member who has known Tan since the 1990s. Tan’s capabilities aside, Intel remains far behind in modern chip production, …

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan
1 week, 2 days ago

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan

India Today  

Shares of Intel surged 14% on Thursday after the company announced Lip-Bu Tan as its new CEO, with investors reacting positively to the decision, as Tan is seen as a strong leader with deep industry connections. TD Cowen analysts said, "Tan in as CEO at Intel was as good as stakeholders could have hoped for," adding that his "deep relationships" …

Meet The New CEO Of Intel Lip-Bu Tan
Trending News
1 week, 3 days ago

Meet The New CEO Of Intel Lip-Bu Tan

ABP News  

Intel appointed former board member Lip-Bu Tan as its new CEO on Wednesday, aiming to navigate the company through a challenging period. He also led Cadence Design Systems, a key Intel supplier and chip design company, as CEO from 2009 to 2021. After being named Intel’s new CEO, Tan reassured employees that he did not intend to separate the company’s …

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense
1 week, 3 days ago

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense

Firstpost  

Struggling chipmaker Intel has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Image Credit: Reuters Struggling chipmaker Intel, once a leader in the semiconductor industry, has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Tan, 65, will take charge next Tuesday, over three months after former CEO Pat Gelsinger suddenly …

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan
1 week, 3 days ago

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan

Live Mint  

-- Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he’ll stick with his predecessor’s plan to make chips for other companies, even as he vows to learn from past mistakes. “We will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” he …

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
1 week, 3 days ago

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt

Associated Press  

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley. Tan, 65, will take over the daunting job next Tuesday, more than three months after Intel’s previous CEO, Pat Gelsinger, abruptly retired amid a deepening …

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO
1 week, 3 days ago

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO

Live Mint  

-- Intel Corp. named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry. Tan, the former head of Cadence Design Systems Inc., is tasked with restoring the fortunes of a pioneering chipmaker that’s become an industry laggard. One of the most glaring challenges: …

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