Intel Rallies After Naming Chip Veteran Lip-Bu Tan as CEO

Intel Names Chip Industry Veteran Tan as CEO

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By Ian King

March 12, 2025 at 8:22 PM UTC

Updated on

March 13, 2025 at 10:24 PM UTC

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Shares of Intel Corp. jumped 15% after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.

Tan, 65, will assume the role on March 18, the company said in a statement Wednesday. He will rejoin the board as well after stepping down in August 2024.