This man is the new saviour of Intel, considered a guarantee of success, he is…

Tan is known for his decision-making skills and is considered a guarantee of success.

Intel, which is known for making chips for 70% of the world’s computers, is currently dealing with several challenges and difficulties. The biggest problem the tech company is facing is a lack of money. Despite the fact that almost every computer has an Intel chip, the company has not been able to manage the crisis due to increased competition in the market. In a situation where Intel is surrounded by high tides of challenges, the helm of the boat has been handed over to a person who has been given the responsibility of the helmsman.

Lip-Bu Tan has been appointed as the company’s new CEO. Notably, Tan is known for his decision-making skills and is considered a guarantee of success. He has done this many times before, having taken a company out of losses and led it to the heights of profit and success.

It is worth noting that Tan had left the company’s board six months ago, but Intel appointed him as interim CEO twice. Recently, the company decided to make Lip-Bu Tan its CEO. The impact of the decision is visible, as the company’s shares rose by 11%. This happened even though the company’s stock price had fallen by 54% in the last year.

Who is Lip-Bu Tan?

Tan was born in Malaysia but raised in Singapore. After getting a degree in physics from Nanyang University, he got a master’s degree in nuclear engineering from the Massachusetts Institute of Technology (MIT).

After completing his Master’s, Tan had to show his talent in the business world. So, he completed MBA from the University of San Francisco. After gaining experience in venture investing, he joined the board of Cadence in 2004. He became co-CEO after Michael Pfister left in 2008 and took over the responsibility of CEO in 2009. After heading Cadence for about 10 years, he played the role of chairman till 2023.

When did Tan join Intel?

Lip-Boo Tan was a member of the Intel board from August 2022 until August 2024. He has also held similar positions in various technology companies such as Annapurna Labs, Nuvia, AMEC, HPE, Schneider Electric, and Samba Nova. In the 1980s, he established the venture capital firm Walden International, which eventually merged with Catalyst Ventures. Additionally, he has experience working at SMIC, China’s equivalent to Intel Foundry and TSMC, which relies on older chip manufacturing equipment from ASML due to export limitations.

Why Is Tan Charismatic?

In 2008, Cadence faced significant challenges, and the likelihood of securing future research and development funding seemed bleak. During this critical period, Tan was appointed as the company’s CEO on a temporary basis for three months. However, his leadership quickly brought stability to the organization. Under his guidance, Cadence experienced continued success. His ability to lead is evident in the fact that he remained in the temporary role until December 2021, totaling approximately 13 years.