New CEO for Intel: Lip-Bu Tan Takes the Reins
Background and Transition
After a little over three months, Intel has a new CEO to replace ousted former CEO Pat Gelsinger. Intel’s board announced that Lip-Bu Tan will begin as Intel CEO on March 18, taking over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus.
Gelsinger’s Departure
Gelsinger was booted from the CEO position by Intel’s board on December 2 after several quarters of losses, rounds of layoffs, and canceled or spun-off side projects. Gelsinger sought to turn Intel into a foundry company that also manufactured chips for fabless third-party chip design companies, putting it into competition with Taiwan Semiconductor Manufacturing Company (TSMC), Samsung, and others, a plan that Intel said it was still committed to when it let Gelsinger go.
Interim Co-CEOs’ Roles
Intel said that Zinsner would stay on as executive vice president and CFO, and Johnston Holthaus would remain CEO of the Intel Products Group, which is mainly responsible for Intel’s consumer products. These were the positions both executives held before serving as interim co-CEOs.
Lip-Bu Tan’s Background
Tan was previously a member of Intel’s board from 2022 to 2024 and has been a board member for several other technology and chip manufacturing companies, including Hewlett Packard Enterprise, Semiconductor Manufacturing International Corporation (SMIC), and Cadence Design Systems.
Conclusion
The transition to new leadership at Intel marks a fresh start for the company, with a new CEO at the helm. With a strong background in the technology and chip manufacturing industry, Lip-Bu Tan is well-equipped to lead Intel forward.
FAQs
Q: Who is the new CEO of Intel?
A: Lip-Bu Tan
Q: Who will replace Tan in the board?
A: The board members will be announced in due course.
Q: What are the roles of interim co-CEOs Zinsner and Johnston Holthaus?
A: Zinsner will remain executive vice president and CFO, and Johnston Holthaus will continue as CEO of the Intel Products Group.
Q: What is the current state of Intel after Gelsinger’s departure?
A: Intel is still committed to its foundry plans, but with a new CEO at the helm, the company is expected to refocus its efforts and adapt to the changing landscape.
