With a permanent CEO, Intel now has some stability. But turning around the design and manufacturing businesses won’t be easy.

Intel Corporation has announced that its board of directors has appointed Lip-Bu Tan as chief executive officer, effective March 18.

Intel appointed Lip-Bu Tan as its CEO following the retirement of former CEO Pat Gelsinger in late 2024. In a press release, Intel said Tan will start as its chief executive officer effective March 18,

Tan succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus. He’ll also rejoin the Intel board of directors after stepping down from the board in August 2024, Intel said. Zinsner will remain Intel’s CFO, while Johnston Holthaus will remain CEO of the company’s Intel Products division.

Intel has tapped former Cadence CEO and Intel board member Lip-Bu Tan to lead the embattled x86 chipmaker as it struggles to overcome mounting losses stemming from its foundry business. The announcement, made Wednesday afternoon, comes just over three months after Pat Gelsinger was abruptly dumped as chief exec with no succession plan to speak of.

Intel has appointed a new CEO, Lip-Bu Tan who is a major figure in the semiconductor industry, effective March 18. On Wednesday, March 12, 2025, the company officially announced that its board of directors has appointed Lip-Bu Tan as

Intel has appointed former Lip-Bu Tan as its new CEO, effective March 18. Tan will also rejoin the board of directors, having stepped down in August 2024 after reportedly clashing with then-CEO Pat Gelsinger over the management of the company.

Intel on Wednesday named former board member and chip industry veteran Lip-Bu Tan as its CEO and signaled the struggling but storied chipmaker was unlikely to split up its chip-design and manufacturing operations.