Intel appoints former board member as new CEO

Lip-Bu Tan, who resigned from Intel's board of directors last summer, is now the troubled chipmaker's chief executive officer.

BY PETE DANKO/STAFF REPORTER, PORTLAND BUSINESS JOURNAL

Mar 14, 2025, 7:30 PM

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Lip-Bu Tan, who resigned from Intel‘s board of directors last summer, is back with the troubled chipmaker — as its newly appointed chief executive officer.

Intel (Nasdaq: INTC) announced his hiring in an announcement Wednesday after markets closed.

The move came nearly three and a half months after former CEO Pat Gelsinger exited as Intel struggled to gain a foothold in the AI market, continued to shed share in its traditional markets, and failed to convince investors that his strategic vision would succeed.

Since then, Intel executives David Zinsner and Michelle Johnston Holthaus have acted as co-CEOs amid a swirl of rumors about Intel’s fate.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.