Muar-born Tan Lip-Bu is new CEO of Intel

Quick Summary:

Malaysian-born Tan Lip-Bu (Americanised to Lip-Bu Tan) has been appointed chief executive officer (CEO) of troubled technology firm Intel Corp, effective March 18, with many industry observers aching to see what strategies the new boss has in place to turn around the chip giant.

While struggling to cash in on a boom in investment in advanced AI chips that has fired up the fortunes of market leader Nvidia and other chipmakers, the company is spending heavily to become a contract manufacturer of chips for other companies, leading some investors to worry about pressure on its cash flow.

Notably, Tan’s appointment will also attract the attention of Donald Trump, with the US president eager for Intel to rebound in his push for more manufacturing in the country, threatening tariffs on imports that have roiled global markets for weeks.

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Category: EconomyBusiness

Markets: MalaysiaSingaporeTaiwanUnited States

Topics: Corporate News /Business/Business News AITechnology ChipIndustry VentureCapital ManufacturingRevival SemiconductorBoom IntelCEO

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 00:00:00 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 750 words

Reading Time: 5 minutes read

Sentences: 24 lines

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Copyright Owner: © The Star

News ID: 26967367

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