Intel’s New CEO Promises ‘The New Intel’ Will Be Better Than the Old One

Intel has a new boss. The new chief executive officer is Lip-Bu Tan, a former Intel board of directors member and chip software maker Cadence Design Systems. He’s promising to “double down” on things that are working and “take calculated risks” where things aren’t working nearly as well. In a statement, Tan didn’t offer many specifics about his plans at one of the U.S.’s premier chipmakers. Beyond the usual corporate jargon about meeting challenges and finding unique opportunities, he said that the current leadership of “New Intel “can learn from past mistakes. He said the goal is to “restore Intel’s position as a world-class products company.” He added that the company wants to “delight our customers ” but is equally focused on delivering for its shareholders. Tan is supposed to take over fully on March 18. After all, the shareholders and investors helped push out the company’s previous chief. Tan is taking the reins after Intel’s past CEO, Pat Gelsinger, who “retired” in December ... Read full article.