As Intel welcomes a new CEO, a look at where the company stands

Semiconductor giant Intel hired semiconductor veteran Lip-Bu Tan t o be its new CEO. This news comes three months after Pat Gelsinger retired and stepped down from the company’s board, with Intel CFO David Zinsner and executive vice president of client relations Michelle Johnston Holthaus stepping in as co-CEOs. Tan, who was most recently the CEO of Cadence Design Systems, is joining Intel — and rejoining the board — at an interesting time in the Silicon Valley company’s history. Intel has seen its fair share of ups and downs in the past few years — to put it mildly. When Gelsinger took the helm in February 2021, Intel was already struggling and was falling far behind its peers in the semiconductor race. At the time, the company was likely still reeling from missing out on the smartphone revolution in addition to missteps when it came to chip fabrication. It was also an interesting time for the semiconductor industry at large. The sector had seen a lot of recent consolidation in lat ... Read full article.