{"id":23851,"date":"2025-03-12T22:02:52","date_gmt":"2025-03-12T23:02:52","guid":{"rendered":"https:\/\/medexperts.pro\/?p=23851"},"modified":"2025-03-12T23:25:05","modified_gmt":"2025-03-12T23:25:05","slug":"intel-names-lip-bu-tan-as-new-ceo-amid-turnaround-efforts","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=23851","title":{"rendered":"Intel Names Lip-Bu Tan as New CEO Amid Turnaround Efforts"},"content":{"rendered":"
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The semiconductor pioneer appointed Lip-Bu Tan, a well-known tech investor and executive, as its new leader.<\/p>\n

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Intel, a fallen Silicon Valley icon<\/a> trying to restore its reputation as America\u2019s most prominent semiconductor company, has named Lip-Bu Tan, an experienced business and technology leader, as its new chief executive.<\/p>\n

Mr. Tan, 65, will be responsible for reviving the fortunes of a chip-making company that has fallen from grace. Once one of the best-known names in technology, the semiconductor giant has been hobbled in recent years by its struggles to innovate and failure to claim a share of the market for chips used in smartphones and artificial intelligence.<\/p>\n

Intel\u2019s problems became so pronounced that last year it ousted its chief executive<\/a>, Patrick Gelsinger, and cut 15,000 jobs<\/a>. The company\u2019s share price has fallen 54 percent over the past year.<\/p>\n

The company\u2019s woes have alarmed the U.S. government, where lawmakers have been trying to rebuild the chips industry after the pandemic created a global shortage that forced U.S. auto factories to shutter. Under the CHIPS Act, a bipartisan law, Intel was awarded $8.5 billion<\/a> in federal funding to build plants in Arizona, Ohio and New Mexico. But its business challenges have raised questions about its ability to complete those projects.<\/p>\n<\/div>\n<\/div>\n

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This year, the Trump administration began meeting with Intel\u2019s leadership about how to restore its business, one of the country\u2019s last in advanced semiconductor manufacturing. One proposal was to have a rival, Taiwan Semiconductor Manufacturing Company, the world\u2019s largest chipmaker, assume operations for Intel\u2019s ailing manufacturing business. Frank Yeary, Intel\u2019s chairman, was open to that idea, The New York Times has reported<\/a>.<\/p>\n

Now, it will be up to Mr. Tan to direct Intel\u2019s future. The company is one of the last in the world that still both designs and manufactures semiconductors. Its former board members and others in the industry<\/a> have been calling for the company to split those businesses apart.<\/p>\n

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The semiconductor pioneer appointed Lip-Bu Tan, a well-known tech investor and executive, as its new leader.Intel, a fallen Silicon Valley icon trying to restore its reputation as America\u2019s most prominent semiconductor company, has named Lip-Bu Tan, an experienced business and technology leader, as its new chief executive.Mr. Tan, 65, will be responsible for reviving the fortunes of a chip-making company that has fallen from grace. Once one of the best-known names in technology, the semiconductor giant has been hobbled in recent years by its struggles to innovate and failure to claim a share of the market for chips used in smartphones and artificial intelligence.Intel\u2019s problems became so pronounced that last year it ousted its chief executive, Patrick Gelsinger, and cut 15,000 jobs. The company\u2019s share price has fallen 54 percent over the past year.The company\u2019s woes have alarmed the U.S. government, where lawmakers have been trying to rebuild the chips industry after the pandemic created a global shortage that forced U.S. auto factories to shutter. Under the CHIPS Act, a bipartisan law, Intel was awarded $8.5 billion in federal funding to build plants in Arizona, Ohio and New Mexico. But its business challenges have raised questions about its ability to complete those projects.This year, the Trump administration began meeting with Intel\u2019s leadership about how to restore its business, one of the country\u2019s last in advanced semiconductor manufacturing. One proposal was to have a rival, Taiwan Semiconductor Manufacturing Company, the world\u2019s largest chipmaker, assume operations for Intel\u2019s ailing manufacturing business. Frank Yeary, Intel\u2019s chairman, was open to that idea, The New York Times has reported.Now, it will be up to Mr. Tan to direct Intel\u2019s future. The company is one of the last in the world that still both designs and manufactures semiconductors. Its former board members and others in the industry have been calling for the company to split those businesses apart.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":23853,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-23851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23851"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23851\/revisions"}],"predecessor-version":[{"id":23854,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/23851\/revisions\/23854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/23853"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}