Intel has named Lip-Bu Tan as its new CEO in a strategic move to regain its leadership position in the industry. Tan, a seasoned veteran known for his successful stint at Cadence Design Systems where he doubled the revenue, will be taking on the task of turning around Intel’s financial performance and navigating the competitive landscape dominated by companies like Nvidia. With Tan set to assume his new role in 2025, the tech industry is keenly watching to see how he will steer Intel back to its former glory.