After three months of meticulous search, Intel has finally appointed Lip-Bu Tan as its new CEO, a former board member who abruptly stepped down in August 2024. Intel fanatics should be aware of the details. However, if you are not—Tan, a Malaysian-born, joined Intel’s board in 2022 but abruptly left in August, reportedly due to conflicts with Intel’s previous CEO, Pat Gelsinger, who stepped down in December. Tan is all set to take over the reins on Tuesday, March 18, and during Wednesday’s announcement, he said the following… .stk-b5957c9 {box-shadow:0 0 0 2px rgba(120, 120, 120, 0.1) !important;}.stk-b5957c9-container{background-color:#f3f3f3 !important;}.stk-b5957c9-container:before{background-color:#f3f3f3 !important;} .stk-fff85bd {margin-left:-20px !important;}.stk-fff85bd .stk–svg-wrapper .stk–inner-svg svg:last-child{opacity:0.7 !important;}.stk-fff85bd .stk–svg-wrapper .stk–inner-svg svg:last-child, .stk-fff85bd .stk–svg-wrapper .stk–inner-svg svg:last-child :is(g, path, rect, polygon, ellipse){fill:var(–stk-global-color-56583, #911d9c) !important;} .stk-75422ff {margin-left:-17px !important;}.stk-75422ff .stk-block-text__text{font-size:16px !important;font-weight:300 !important;font-style:normal !important;font-family:”Golos Text”, Sans-serif !important;}@media screen and (max-width: 1023px){.stk-75422ff .stk-block-text__text{font-size:16px !important;}}I am honored to join Intel as CEO. I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders. Tan is taking over the reins during one of the most tumultuous eras of Intel Intel was already going through some restructuring. The iconic chip manufacturer laid off 15% of its workforce, which is roughly 15,000 jobs, last August, and now, the hiring of Tan means there could be more shake-ups in the company’s future. IT analyst Patrick Moorhead tweeted, “My expectation is that we will see a lot of cost cuts.” he also…Intel appoints former board member Lip-Bu Tan as new CEO