On 12 March 2024, Intel announced Lip-Bu Tan as its new CEO. He is set to take over the role by 18th March, bringing his deep semiconductor industry experience to the Company. Intel has expectations from Tan to remake the company for the future, and that seems to be happening, as 15% stock surged on Thursday. Let’s find out about his inspiring rise from Malaysia to Silicon Valley.
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Intel’s New CEO Announcement: Lip-Bu Tan Will Take Over.
Intel, on March 12, 2025, appointed Lip-Bu Tan as its new CEO. Tan is set to take over the company’s Chief Executive Officer role by March 18, 2025. He will replace Pat Gelsinger, who was ousted three months ago, bringing deep experience of 20 years in both semiconductor and software.
Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. He is given all the challenges of the business and all the challenges to compete with key players such as Nvidia, Samsung, etc., while turning around the company for the future.
The Board’s independent chair, Frank D. Yeary, said, “Lip-Bu is an exceptional leader whose technology industry expertise, deep relationships across the product and foundry ecosystems, and proven track record of creating shareholder value is exactly what Intel needs in its next CEO.”
“I am honored to join Intel as CEO. I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders, “Tan said on his appointment.
Who is Intel’s new CEO, Lip-Bu Tan?: from Malaysia to San Francisco?
Intel’s new CEO, Lip-Bu Tan, a semiconductor industry veteran, was born on November 12, 1949, in Malaysia. He belongs to an ethnic Malaysian Chinese family, where his father was a newspaper editor and his mother a teacher.
This 65-year-old respected executive earned a Bachelor of Science degree with a major in Physics from Nanyang University of Singapore in 1980. For MSC, he moved to the United States, where he completed a Master of Science in nuclear engineering at MIT (Massachusetts Institute of Technology).
1979’s Three Mile Island accident and the reduction in opportunity scope in the nuclear industry led Tan to leave MIT. He moved to the University of San Francisco in California to acquire a Master in Business Administration (MBA).
Lip-Bu Tan Marked Excellent Performance As CEO In Companies.
Tan is a recognized executive, with his vast experience of over 20 years in the Semiconductor and Software industry. He always brought growth as a CEO. Before founding Walden International, a venture capital firm, in 1987, he partnered with Walden USA and managed EDS Nuclear and ECHO Energy.
By 2001, Walden International grew from $20 million to $2 billion, where their investments focused on Semiconductor, Alternative Energy, Digital media businesses, and Startups both in US and Asia which includes Ambarella Inc., Creative Technology, S3 Graphics, and Sina Corp.
Tan also served as the CEO of Cadence from 2009 to 2021, leading reinventions in the company and cultural transformation centered on customer-centric innovation. Being a CEO of Cadence, Tan more than doubled the company’s revenue, expanding operating margins and delivering a stock price surge of more than 3,200%.
After serving 19 years as a member of Cadence, he dropped the position on November 16, 2024, while remaining CEO. In 2021, he stepped down as CEO and became Executive Chairman at Cadence and handled this position till 2023.
Currently, he is serving on the boards of Credo Technology Group and Schneider Electric, and will continue until he takes over as Intel’s new CEO position. In 2022, he received the Robert N. Noyce Award, the Semiconductor Industry Association’s highest honor.
Intel’s New CEO Lip-Bu Tan’s Enthusiastic Memo To Employees.
Lip-Bu Tan, Intel’s new CEO, emailed all the Intel Corporation employees on March 12, 2025. In this memo, he outlined his vision and discussed plans to remake the company for the future.
Tan writes in the memo, “That’s not to say it will be easy. It won’t be. But I am joining because I believe with every fiber of my being that we have what it takes to win. Intel plays an essential role in the technology ecosystem, both in the U.S. and around the world. And, together, I’m confident we can turn our business around.”
Focusing on the plans, he writes, “We will push ourselves to develop the best products, listen intently to our customers and hold ourselves accountable to the commitments we make so that we build trust.“
Further showing gratitude, he wrote, “I’m grateful for the trust the board has placed in me to lead this great company forward. I’m proud to be joining the team and excited about our work together.“
Click to read the memo in detail.
Tan is Set To Leverage $69m in Compensation and 200% Bonuses.
Upcoming Chief Executive Officer (CEO) Lip-Bu Tan of Intel Corporation has been assigned many targets. He will receive the compensation of around $69 million, as he breaks the targets in the upcoming years.
In its Friday filing, the company disclosed that the Tan package will include $ 1 million plus a 200% performance bonus. While $ 66 million long-term equity awards will include stock options and new hire incentives.
Additionally, Lip-Bu Tan bought $25 million worth in Intel Corp within the first 30 days of taking the job. This reflects Tan’s belief in the Intel Corp comeback for the future, as company reports.
Due to the statement of Tan’s appointment as the next CEO, Intel saw a stock growth of 20% this year, out of which 15% surged on Thursday following the announcement. This shows that investors strongly believe in Lip-Bu Tan’s ability as CEO.
How Will Intel’s New CEO Catch Up to Samsung, Nvidia, and TSMC?
Intel has dominated the chip market since it was founded in 1968. According to the company, by 1992, it became the world’s largest chip maker by revenue, where in 1997, its chips were the brain of 84% of the world’s computers. Intel was king of chips, as its stocks hit all three times high in year 2,000.
But today, Intel reported the largest loss in its 56 years of business. But Tan isn’t deterred; he said, “That’s not to say it will be easy. It won’t be. But I am joining because I believe with every fiber of my being that we have what it takes to win.”
Well, Intel’s so far success can’t be understimated. If we take Apple, it almost went bankrupt, but it made a turn around with significant growth. In the same way, Intel’s new CEO, Lip-Bu Tan’s records indicate a positive future.
Lip-Bu Tan’s Strategies That Will Reshape Intel For The Future.
Intel’s new CEO, Lip-Bu Tan, in his first memo, gave an outline of his vision and talked about certain strategies that could turn around Intel and shape its future.
He said that Intel will be an engineering-focused company under my leadership, developing best products possible while focusing on building trust.
He wrote, “Under my leadership, Intel will be an engineering-focused company. We will push ourselves to develop the best products, listen intently to our customers, and hold ourselves accountable to the commitments we make so that we build trust.“
His three philosophies, Stay humble, Work Hard, and Delight customers, can be a game-changing tool for Intel’s turn around.
He explains his philosophy: “I subscribe to a simple philosophy: Stay humble. Work hard. Delight our customers. When you anchor yourself in those three core beliefs, good things happen. This has been true in every job I’ve ever had, and it’s the way I will approach the work ahead as your CEO.”
He further wrote, recognizing the importance of teamwork, “Most importantly, we need to work as one team. One of the most enduring lessons I learned during my university days came as an athlete, not a student. I learned to believe in and trust my teammates, because I knew that was the surest path to victory — and there’s nothing I dislike more than losing. This is the mentality we all need to embrace as we build a winning culture across Intel.”
All these strategies and philosophies were responsible for Tan’s success in reaching companies to the new height. There most probability that these plans, strategies and philosophies play importance role in turning around Intel as well.
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