Intel has appointed Lip-Bu Tan as its chief executive, ending a months-long search for a new leader after the troubled US chipmaker’s board ousted Pat Gelsinger in December.
Tan, former chief executive of chip design software company Cadence, quit Intel’s board in August last year in an apparent disagreement over the direction of the company under the then-CEO.
He had long been considered a leading candidate to replace Gelsinger, who departed abruptly as Intel battled a crisis that has resulted in thousands of lay-offs and the pausing of big manufacturing projects in Europe.
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