Lip-Bu Tan took over as Intel’s new Chief Executive Officer on Tuesday as he navigates efforts to turn around the struggling semiconductor giant. He was appointed by the Board of Directors of Intel Corporation on March 10.
Notably, after his appointment, Intel shares have risen nearly 29 per cent so far in 2025, with most of those gains coming this week following Tan’s appointment, as per Nasdaq exchange. With a deep background in chip design, investments, and corporate leadership, Intel is betting on him to lead its next phase of transformation.
Tan isn’t new to steering major tech firms. Before this, he was the CEO of Cadence Design Systems from 2009 to 2021, where he helped make the company a global leader in electronic design automation. Even after stepping down as CEO, he remained as the Executive Board Chair until 2023.
Tan’s journey through venture capital
Beyond running companies, Tan has played a key role in funding and scaling emerging tech firms. He founded Walden International, a global venture capital firm focused on semiconductors and AI. He is also behind Celesta Capital and Walden Catalyst Ventures, both dedicated to investing in deep tech startups. His investment background could bring a fresh perspective to Intel, which has been striving to regain its competitive edge.
Tan’s previous stint with Intel
Interestingly, this isn’t Tan’s first association with Intel. He joined the company’s Board of Directors in 2022, providing strategic guidance before stepping down in 2024. Having already been involved in Intel’s decision-making, he enters the CEO role with an insider’s perspective on its challenges and opportunities.
Tan’s influence extends far beyond Intel. He has served on the boards of major companies such as Hewlett Packard Enterprise, SoftBank, and Schneider Electric. He was also the chairman of Credo Technology Group and has advised UC Berkeley’s engineering and data science programs. His contributions to the semiconductor industry earned him the Robert N. Noyce Award in 2022, the highest honor in the field.
How much will Intel’s new CEO earn?
His compensation package is as significant as the task ahead. He will earn a 1 million dollar base salary with a potential bonus of 200 per cent of that amount. In addition, stock awards and performance incentives bring his total package to over 66 million dollars, according to filing with the SEC. Notably, Tan is also personally investing 25 million dollars in Intel shares, signaling his confidence in the company’s future.
The road ahead for Intel
Taking over Intel will not be an easy task. The company faces stiff competition from TSMC, AMD, and Nvidia while grappling with manufacturing delays and financial pressures. Tan will have to tackle these challenges head-on, drive innovation, streamline production, and work to restore Intel’s dominance in the semiconductor industry.
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