Intel appoints Lip-Bu Tan as its next CEO
TechCrunchMAR 9
Intel Names Chip Veteran Lip-Bu Tan as CEO
Above: Lip-Bu Tan. Image copyright: Dibyangshu Sarkar/Stringer/AFP via Getty Images
The Spin
Pro-establishment narrative
Tan's appointment is a crucial turning point for Intel. He will bring stability and deep industry expertise needed to restore the company's position as a world-class technology products company and establish an aggressive foundry business that can compete with and outsmart global rivals.
Establishment-critical narrative
The selection of an outsider CEO raises concerns about Intel's integrated business model, as Tan lacks experience running a company that both designs and manufactures chips. His previous disagreements with Intel's strategy could also signal potential structural changes ahead.