Close Menu
Influential MagazineInfluential Magazine
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

What's Hot
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Influential MagazineInfluential Magazine
SUBSCRIBE
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Influential MagazineInfluential Magazine
Home » Intel Names Lip-Bu Tan as New CEO Amid Turnaround Efforts

Intel Names Lip-Bu Tan as New CEO Amid Turnaround Efforts

March 12, 20253 Mins Read Business
Intel Names Lip-Bu Tan as New CEO Amid Turnaround Efforts
Share
Facebook Twitter Reddit Telegram Pinterest Email

Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, has named Lip-Bu Tan, an experienced business and technology leader, as its new chief executive.

Mr. Tan, 65, will be responsible for reviving the fortunes of a chip-making company that has fallen from grace. Once one of the best-known names in technology, the semiconductor giant has been hobbled in recent years by its struggles to innovate and failure to claim a share of the market for chips used in smartphones and artificial intelligence.

Intel’s problems became so pronounced that last year it ousted its chief executive, Patrick Gelsinger, and cut 15,000 jobs. The company’s share price has fallen 54 percent over the past year.

The company’s woes have alarmed the U.S. government, where lawmakers have been trying to rebuild the chips industry after the pandemic created a global shortage that forced U.S. auto factories to shutter. Under the CHIPS Act, a bipartisan law, Intel was awarded $8.5 billion in federal funding to build plants in Arizona, Ohio and New Mexico. But its business challenges have raised questions about its ability to complete those projects.

This year, the Trump administration began meeting with Intel’s leadership about how to restore its business, one of the country’s last in advanced semiconductor manufacturing. One proposal was to have a rival, Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, assume operations for Intel’s ailing manufacturing business. Frank Yeary, Intel’s chairman, was open to that idea, The New York Times has reported.

Now, it will be up to Mr. Tan to direct Intel’s future. The company is one of the last in the world that still both designs and manufactures semiconductors. Its former board members and others in the industry have been calling for the company to split those businesses apart.

Investors reacted positively to Mr. Tan’s appointment, causing Intel’s stock price to jump more than 11 percent in aftermarket trading.

Mr. Tan has a long history as an investor in Silicon Valley, one of few who kept putting money into semiconductor and tech hardware start-ups when most other venture capitalists chose less risky investments in software and internet services. While running the venture capital firm Walden International, he served a lengthy stint as chief executive of Cadence Design Systems, one of the two dominant makers of software used in designing chips.

He is widely credited with turning around that company, which now boasts a market value of more than $65 billion.

Mr. Tan retains an active role in many small and midsize tech hardware companies. He was named executive chairman last May of SambaNova Systems, a company competing with Nvidia, the world’s dominant developer of artificial intelligence chips. He is also chairman of Credo Technology Group Holding, a maker of communications chips.

In recent years, Mr. Tan has faced criticism for his investments in Chinese artificial intelligence and semiconductor companies. A congressional committee focusing on China wrote him a letter in 2023 requesting information about Walden International’s investments in companies that are on a government blacklist because they have been labeled a risk to national security.

Appointments and Executive Changes Artificial Intelligence Computer Chips Computers and the Internet Intel Corporation Lip-Bu Tan
Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticleThe New Yorker Updates Its Style Guide for the Internet Age
Next Article Swedish Battery Maker Northvolt Collapses, a Blow to Europe

Related Posts

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Markets Head Lower in Wake of Concerns About U.S. Debt

Markets Head Lower in Wake of Concerns About U.S. Debt

May 19, 2025
Video: How Staffing Shortages Have Plagued Newark Airport

Video: How Staffing Shortages Have Plagued Newark Airport

May 17, 2025
Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

May 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

By News RoomMay 27, 2025

new video loaded: Toy Company Still In Crisis Despite Reduced Tariffs on ChinatranscriptBacktranscriptToy Company Still…

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

May 22, 2025

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

About Us
About Us

Influential Magazine is one of the top news portals about Business and Finance news for Entrepreneurs and leaders all around the world, follow us for more intersting articles and news.

Our Picks
Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

May 22, 2025
Markets Head Lower in Wake of Concerns About U.S. Debt

Markets Head Lower in Wake of Concerns About U.S. Debt

May 19, 2025
Video: How Staffing Shortages Have Plagued Newark Airport

Video: How Staffing Shortages Have Plagued Newark Airport

May 17, 2025
Trending Now
Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

May 15, 2025
Inside Elon Musk’s X Feed: Trumpism, Falsehoods and Lots of Love for Elon Musk

Inside Elon Musk’s X Feed: Trumpism, Falsehoods and Lots of Love for Elon Musk

May 15, 2025
World Economic Forum Investigating Allegations Against Founder Klaus Schwab

World Economic Forum Investigating Allegations Against Founder Klaus Schwab

May 15, 2025
Influential Magazine
Facebook X (Twitter) Instagram LinkedIn
  • Home
  • Privacy Policy
  • Contact
  • Terms & Conditions
© 2025 Influential Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.