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Intel Appoints Former Cadence CEO Lip-Bu Tan As Chief Executive Amid AI Struggles
Benzinga
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3/13/2025
Intel appointed Lip-Bu Tan as its new CEO, according to CNBC. Tan is the former CEO of Cadence Design Systems and an ex-Intel board member.
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00:00
It's Benzinga bringing Wall Street to Main Street.
00:02
Intel appointed Lipu Todd as its new CEO according to CNBC.
00:05
Todd is the former CEO of Canyon Design Systems and an ex-Intel board member.
00:09
The appointment marks the end of a turbulent period as investors push for cost cuts
00:13
and business spinoffs amid declining sales and struggles in the AI market.
00:17
Intel shares surged 12% in extended trading following the announcement.
00:21
For all things money, visit Benzinga.com slash GSTV.
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