Intel, one of the largest semiconductor manufacturers in the world, announced that the new CEO will be lip-this tan. In a statement, Tan will temporarily take over the task from David Zinsner and Michelle Johnston Holthaus, who is temporarily CEO. Intel also reported that Tan will return to the board of directors, where he had previously left.
With the appointment of Tan, David Zinsner will continue to serve as the Finance Director of the Company (CFO). Michelle Johnston Holthaus will serve as the CEO of the Intel Products Department. The change of management is considered an important step in terms of Intel’s future strategies.
Born in Malaysia, Lip-This Tan has a wide history in the world of technology and investment. Tan worked as the CEO of Cadence Design Systems, which previously operates in the field of Electronic Design Automation (EDA), and worked as a manager in the energy sector in his career. Tan served as a manager at Eds Nuclear and Echo Energy and also worked as a partner in the US -based investment fund Walden USA. In 1987, he founded Walden International, his own venture capital company, and turned to technology -oriented investments.
Tan is known for its strong connections and leadership capabilities in the technology sector. He is working on the board of directors of large companies such as Hewlett Packard Enterprise, Schneider Electric and Softbank. Intel’s choice of it as CEO signals that the company will pay more attention to an engineering and customer -oriented approach.
Following the announcement that Lip-This will be the head of Intel, the company’s shares made a significant rise in the stock market. In the post -market transactions, Intel’s share value increased by 11 %. This development is considered an indication of investors’ confidence in Tan’s leadership.
Tan: Intel will be more engineering focused after that
Tan made a statement about his new mission, stressed that Intel will be a more engineering -oriented company after that. In his statement, “We will force ourselves to improve the best products, listen to our customers carefully and take responsibility to fulfill our promises. In this way, we will build trust ”. In addition, Tan said that it is one of the priorities of creating value for shareholders and said that a customer -oriented strategy will bring financial success.
Intel’s management change is seen as part of the company’s efforts to increase the competitiveness of the market. In particular, Intel, who wants to strengthen the chip production processes in the USA and Asia, aims to benefit from Tan’s experience and global connections. In the coming period, it continues to be a matter of curiosity how the company will follow in the investment and production strategies of the company.