Intel has appointed Lip-Bu Tan as its new chief executive, ending a months-long search for a new leader after the troubled US chipmaker’s board ousted Pat Gelsinger in December.

Struggling chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18, more than two months after the it ousted company veteran Pat Gelsinger.

Key Takeaways Intel named Lip-Bu Tan its new CEO, effective March 18. Tan is the former CEO of Cadence Design Systems, a semiconductor software company that has partnered with Intel.The chipmaker had been searching for a permanent CEO since Pat Gelsinger's retirement late last year.

Former Intel board member Lip-Bu Tan, who resigned from that role in August 2024 over reported clashes with the board and with former CEO Pat Gelsinger, was appointed to be the company’s new permanent CEO in a move aimed at bringing a chip-savvy executive in to steer Intel into the future.

Intel has appointed Lip-Bu Tan as its new CEO amidst the company's turnaround effort and reports that TSMC is looking to run its manufacturing business.

(Reuters) -Struggling U.S. chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective on March 18, more than three months after it ousted company veteran Pat Gelsinger. Tan,

Intel named semiconductor industry veteran Lip-Bu Tan as its new CEO, effective 18 March, just over three months after ousting Pat Gelsinger.