Intel reveals its new CEO

• Intel’s new CEO, Lip-Bu Tan, will step into office on March 18
• The company must make “calculated risks” to catch up
• Interim CEOs will revert to their original positions

Three months after Intel CEO Pat Gelsinger announced that he’d be stepping down after a near-four-year stint, the chipmaker has confirmed its new leader.

In an email to workers, Lip-Bu Tan revealed himself to be the company’s new leader, detailing his aim to restore the company’s “world-class” status by focusing on both product development and foundry services.

Tan will take post on March 18, 2025, but he’s already previously served on Intel’s board – something he gave up due to strategic disagreements, says Reuters.

Lip-Bu Tan will serve as Intel’s new CEO

Tan promises an “engineering-focused” Intel and remains committed to innovation. “Intel’s innovation has been at the heart of so ...