Intel has a fresh CEO: Lip-BU TAN. Once a member of the Council of Directors of Intel, Tan joins his current position President Walden International and the managing founder at Walden Catalyst Ventures.
If all this does not mean to you, he once won the same prize as the CEO of NVIDIA, Jensen Huang and AMD CEO, Dr. Lisa Su. How is it in context?
Yes, Tan won Robert N. Noyce Award in 2022who is rightly named to honor the memory of the co -founder of Intel. The previous winners were Huang in 2021, Su in 2020, Morris Chang from the fame of TSMC in 2008, the fame of Gordon Moore’s law in 1994 and the founder of AMD Jerry Sanders in 1998. So you can say it’s a balmy list.
Tan therefore brings some experience in this role. Both as a vast technological investor and previously working as the general director of Cadence Design Systems, a company that creates products or licenses products for designing other semiconductor products.
Tan takes over the role of fleeting co-coo David Zinsner and Michelle Johnston Holthaus. Saying that Holthaus will remain the general director of Intel Products, which deals with the unchanging side of the company. Zinsner will remain like CFO.
However, it will not be an straightforward first year for TAN. Intel is in some condition, as it was by the majority of the previous general director Pat Gelsinger, with more rumors about who power Buy it than leaks for fresh generation products. The current rumor is the competitor of the Intel Foundry TSMC, trying to convince Nvidia, AMD and Broadcom to part with her. It seems to be a long shot, but huge mergers and redemption almost never make sense to me.
Whether Tan is interested in selling any part of Intel is what should be noted in the coming months and potentially years. The council may like Tan to take his potential to intel back to vast profits, but equally easily Tan can be a kind of character to reduce losses and throw away or sell part of the business in the face of a good offer. We just don’t know yet.
We know what the Intel Board think: “Lip-BU is a unique leader whose technological knowledge, deep relationships in the ecosystems of the product and the foundry, and it has been proven that the creation of the values of shareholders is exactly what Intel needs in the next general director,” says Frank D. Yeary, who was the chairman of the executive intent during the search for the fresh director general.
What we should hope for tan is a commitment to graphics card games (do not disappoint us, tan) and recovering intel on the occasion of competition. X3D AMD chips kill him, but there is almost enough to do enough.
Here’s what Tan has to say:
“Intel has a powerful and diverse computing platform, an extensive base installed by the client and a solid production trace, which becomes stronger day by day, when we rebuild our road map of process technology,” Tan continued. “I did not gladly join the company and use the work that the entire Intel team has done to prepare our activities for the future.”
In addition, Tan mentions some things about the values of shareholders, which often appear in the Intel press release, announcing this movement. It will now be a large priority for each Intel General Director, because the price of Intel’s action has dropped when other similar companies (NVIDIA, AMD) increased rapidly. It is not so fascinating for me – securing me a more accessible graphic GPU!
