Intel Appoints New CEO: Lip-Bu Tan to Lead Company

Gelsinger, who returned to Intel in 2021, left after the board lost faith in his strategy. Despite his efforts, Intel continued to lag behind rivals like TSMC and AMD.

Lip-Bu Tan, who has extensive experience in the semiconductor industry, could be a key figure in Intel's recovery. He is expected to focus on accelerating technology development, energy efficiency, and innovation in AI and quantum computing.

"Under my leadership, Intel will be an engineering-driven company. We will strive to build the best products, listen carefully to our customers, and be accountable for our commitments to earn trust."

Lip-Bu Tan, CEO of Intel

Lip-Bu Tan's appointment could be a turning point for Intel. His expertise in chip design and deep understanding of technology trends could help the company accelerate innovation and strengthen its market position. Tan is expected to focus on the following priorities:

• Accelerating the transition to new process technologies . Intel continues to lag behind TSMC and Samsung in the production of chips using advanced process technologies. Tan will likely invest heavily in the development and implementation of new technologies to close the gap.
• Expanding collaboration with partners . Amid the global semiconductor shortage, Intel may strengthen its collaboration with other companies, including hardware makers and software developers.
• Focus on energy efficiency : With the growing demand for green technologies, Intel will likely place greater emphasis on developing energy-efficient solutions, which is especially important for the data center and mobile markets.
• Development of artificial intelligence and quantum computing . These areas are becoming increasingly important for the semiconductor industry, and Intel will likely invest heavily in research and development in these areas.

Tan's appointment has already sparked optimism in the market, with Intel shares up 3%. But he faces significant challenges, including fierce competition and global economic headwinds.