Intel, the Lip-TAN General Manager on Orchestrate Turnaround in ChipMaker

Intel Said it appointed on Wednesday Lip-this as a new CEOChipMaker is trying to get rid of a little four-year run at the bottom of the pat gelinger. The stock jumped 12% in extended trade.

Cadence design systems CEO, which developed software, which previously used by all major chip designers, including Intel. He was a member of the Board of Intel, but referring to other obligations last year.

Tan replaces David Zinsner and MJ Holthaus in December when the old Intel CEO Patrick Gelsinger is overthrown. Tan also pleases the Intel’s board.

The destination closes a chaotic chapter in the history of Intel, because investors have pressured semisottor to reduce the cost of reducing costs by semi-financial and increasing artificial intelligence markets.

“We must fall in our efficiency, twelve times, and we must extend our advantage,” he said. statement In Intel. “We must take risks calculated in the areas we stand behind the competition.

Tan becomes a fourth permanent CEO in Intel in seven years. Brian Krzanic’s resignation in 2018, Bob Swan after a relationship with an employee took the bearing In January 2019. Intel left opponents and chip delays two years later after taking numerous blows. Swan was successful by Gelsinger in 2021.

Gelsinger, Intel’s work has developed a bold plan to produce chips for other companies, to produce chips to make a cast. However, Intel’s general products revenue continued to reduce and investors have been upset over important capital expenditures for such massive chip production in Ohio $ 20 billion-dollar factory complex.

The latest fall, after a disappointing report, Intel was on sale and reported interested in rival companies Including qualcomm. Analysts, the ability to sell their products, including inkelin casting division or products, including servers and PC chips – until the opponent.

Charged by Intel in AI NvidiaGraphic handling sections (GPU) have become a choice chip for developers in the past few years.

Frank Heiry, accepting the role of a temporary executive chair during the search of CEO, said a Press release That tan has a “a trace record proven to create stock value”.

“As we are trying to speed up our tournamentation and inform you about important growth opportunities, this is our lip,” This is back to the position of an independent department.

Intel in January made a weak prediction As soon as it beats over earnings and income. The company pointed out seasonal, economic conditions and competition and said that customers digested inventory. The prospects of the tariffs were added to the uncertainty, Zinsner said.

Intel said Zinsner will return to the previous role of CFO. Holthaus will be responsible for Intel products.

Intel was eliminated In November, the Dow Jones was replaced by Nvidia, which reflects the dramatic change of luck in the semiconductor industries, replaced by industrial medium and NVIDIA. Intel shares lost 60% of last year’s value, and the price of NVIDIA shares increased by 171%. Close to Wednesday, Intel’s market lid was $ 89.5 billion, the assessment of NVIDIA was less than once.

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