Intel Names Former Board Member Tan as Permanent CEO -- Market Talk

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Intel Names Former Board Member Tan as Permanent CEO -- Market Talk

Dow Jones03-13

1717 ET - Intel names Lip-Bu Tan as its new top executive, effective March 18. Tan, who previously served on the beleaguered semiconductor company's board of directors, has more than 20 years of semiconductor and software experience, having formerly held the top role at Cadence Design Systems. At Cadence, Tan helped turn around the company, focusing on what Intel said was customer-centric innovation that helped double revenue, expand operating margins and send its stock higher. His appointment comes as Intel's core business of making chips for personal computers and servers has been challenged amid an artificial-intelligence boom that has largely benefited rival Nvidia. Shares rise 11% in after-hours trading. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 12, 2025 17:17 ET (21:17 GMT)

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