With a permanent CEO, Intel now has some stability. But turning around the design and manufacturing businesses won’t be easy.
Last Updated: March 12, 2025 at 8:15 p.m. ET
First Published: March 12, 2025 at 4:58 p.m. ET
Months after leaving Intel Corp.’s board of directors, Lip-Bu Tan is returning to the struggling chip giant — in a much bigger capacity.
He was named Intel’s new chief executive on Wednesday afternoon, set to replace interim co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus, who have been holding down the top post since December. When he officially assumes his role on March 18, Tan will be tasked with restoring Intel to stability — and trying to get the company back to its former glory as a chip powerhouse.
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