In other big company news, semiconductor chip giant Intel Corporation announced major leadership changes, with Lip-Bu Tan named its next Chief Executive Officer. Tan will assume the role in March 2024. He’s sure to add valuable experience and insight to one of the world’s top semiconductor companies, which is why this news is so disappointing. This announcement comes on the heels of some major strategic shifts. In exchange, the U.S. government will turn those existing grants into a 10% stake in Intel.
Johnston Holthhaus recently concluded a four year term as the Chief Executive Officer of Intel Products. He’s remaining with the firm as a strategic adviser. Holthhaus’s transition is another example of Intel’s leadership pool growing deep as they navigate a new playbook for innovation and strategy.
Naga Chandrasekaran has taken on an expanded role as Chief Technology and Operations Officer for Intel Foundry. He currently serves in an expanded role that better highlights his leadership and expertise. This business unit designs and fabricates custom chips for outside customers. First, it’s a testament to Intel’s dedication to innovation and collaboration with ecosystem partners.
In short, Tan focused on bringing together innovation and execution under one roof at Intel. He continued, “Now with Srini at the helm of Central Engineering, we are bringing innovation and execution together even closer in service of our customers. This intensified surge is expected to augment the service Intel provides to the American people while increasing Intel’s competitive advantage in the semiconductor industry.
Intel’s recent appointments join the company at an interesting juncture as it seeks to reposition itself to address new market realities. Intel fully intends to use its unmatched technical know-how and industry ties to ensure its future prosperity. The hire of remarkable leaders such as Kevork, Jim and more recently Srini underscores this commitment.
Intel is also set to participate in a significant event hosted by TechCrunch in San Francisco from October 27-29, 2025. This event will focus on venture capital trends and startup innovations, providing Intel with an opportunity to showcase its advancements and engage with industry leaders.
