Intel appoints Lip-Bu Tan as CEO

Investing.comMar 13, 2025 5:29 AM

View all comments（0）



Investing.com -- Intel said Wednesday it appointed Lip-Bu Tan as its chief executive officer starting Mar. 18.

Intel Corporation (NASDAQ:INTC) rose more than 13% in afterhours trading following the news.

"Lip-Bu is an exceptional leader whose technology industry expertise, deep relationships across the product and foundry ecosystems, and proven track record of creating shareholder value is exactly what Intel needs in its next CEO," interim executive chair Frank Yeary stated.

Following the appointment, Yeary would revert to his role as independent chair of the board, while current interim co-CEO David Zinsner would remain executive vice president and chief financial officer.

Michelle Johnston Holthaus, meanwhile, the other interim co-CEO, is expected to remain CEO of Intel Products.

Reviewed byTony

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

CoreWeave: Funding Pressure Behind Rapid Expansion

A compelling bullish thesis is gaining traction in the market: compared to Nebius (NBIS.US), CoreWeave boasts a larger revenue scale, a bigger order backlog, and more deployed computing capacity, yet its price-to-sales (P/S) valuation is far lower than Nebius's, making it a potentially significantly mispriced leader in specialized AI clouds (Neoclouds). However, revenue multiples reveal only half the truth. CRW

Anthropic and OpenAI Seek Post-IPO Investment-Grade Ratings as Massive AI Compute Spending Fuels Financing Needs

TradingKey - On September 8, according to the Financial Times, Morgan Stanley and Goldman Sachs are engaging with credit rating agencies including S&P, Moody's, and Fitch on behalf of OpenAI and Anthropic, seeking to secure investment-grade credit ratings for the two companies following their future IPOs. If successful, the two AI giants will gain easier access to the roughly $11.7 trillion global corporate bond market and are expected to secure lower-cost financing.

SpaceX Stock Price Prediction: Fails Again to Challenge $150, Can the Stock Still Rise?

TradingKey - SpaceX (SPCX) has recently seen a clear recovery in its stock performance. On September 3, SPCX rose 6.42% on heavy volume to $149.74, touching an intraday high of $152.30, before pulling back slightly by 1.20% on September 4 to close at $147.95. Notably, while the three major U.S. stock indices fell across the board last Friday, SPCX posted only a mild correction, largely holding its breakout level from the previous session's sharp gain.

Anthropic Abandons Acquisition of Startup Decart AI in Sudden Twist Ahead of Listing

Anthropic has announced that it is abandoning its acquisition of Decart AI. Is the move intended to clear obstacles for an IPO push?

Is AI Making iPhones More Expensive? Micron Among Big Winners as Global Memory Shortage Escalates

TradingKey - Strong demand for memory from AI data centers is driving up the costs of smartphones and PCs. On September 7 ET, according to a report by The Verge, as demand from AI data centers for high-bandwidth memory (HBM) and server DRAM continues to grow, memory manufacturers are increasingly allocating limited production capacity to AI-related products with higher profit margins and more stable orders.

Featured Tools