Intel has a new CEO

Intel has appointed a new CEO, three months after former CEO Pat Gelsinger was pushed out of the company. The company’s new chief executive is Lip-Bu Tan, who served as CEO of chip design hardware and services company Cadence from 2009 to 2021 and as a member of Intel’s board of directors from 2022 to 2024. While Intel’s official story was that Gelsinger retired after less than four years in the CEO post, reporting quickly came out that he was pushed out by the board of directors after they lost faith in his strategy to turn things around at the beleaguered company. Gelsinger worked at Intel for 30 years, from 1979 to 2009, before leaving and eventually returning in 2021 to take the CEO job. Tan will take over as CEO on March 18th from interim co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Zinser will continue to be Intel’s CFO, while Johnston Holthaus will still be CEO of Intel Products. “Intel has a powerful and differentiated computing platform, a vast customer instal ... Read full article.