Intel The new CEO is appointedThree months after the former CEO Pat Gilgrenger Pushed From the company. The new CEO of the company is Lip-Bu Tan, who served as CEO of Chip Design hardware and Services Cadence from 2009 to 2021 and as a member of the Intel Board from 2022 to 2022 2024.
While the official Intel story was GELSINSER, less than four years after the CEO, it soon came out that he was expelled by the Board of Directors after they lost their confidence in his strategy to change matters in the besieged company. Gelsiner worked in Intel for 30 years, from 1979 to 2009, before leaving and eventually returning to it in 2021 to take over the position of CEO.
Tan will take over the position of CEO on March 18 of temporary participants David Zixer and Michel (MJ) Johnston Holthus. ZinSer will remain the Intel financial manager, while Johnston Holthhaus, CEO of Intel Products, will remain.
“Intel has a strong and distinctive computing platform, a great base to install the customer and manufacture strong manufacturing that is increasingly powerful and we are rebuilding our technology road map,” Tan says in a statement. “I am keen to join the company and build on the work done by the entire Intel team to put our business for the future.”
This is not the first time that Tan was exploited to become the CEO after a period on the company’s board; This also happened with the rhythm. According to Intel’s press release, Tan doubled more than Cadence’s revenues while he was the CEO.
in His first public note as an executive presidentTan does not provide many clear hints about what he wants to do after that, but it indicates that Intel will continue to provide manufacturing as well as the design of chips:
We will work together, we will work hard to restore Intel as a global -level product company, and create ourselves as world -class global precedences and the pleasure of our customers as it has not happened before. This is what this moment requires from us and we are reshaping the Intel for the future.
He also says that INTEL will be a “engineering company”, a company that needs “a calculated risks to disable a leaf” in the future.
