Intel has announced the appointment of industry veteran Lip-Bu Tan as its new CEO, as part of its efforts to regain its dominance in the technology sector. Tan, who is renowned for his successful tenure at Cadence Design Systems where he significantly increased revenue, will be tasked with reversing Intel’s recent financial challenges and ensuring the company remains competitive against rivals like Nvidia. The new CEO is set to assume his role in 2025, bringing with him a wealth of experience and a proven track record in driving growth and innovation in the semiconductor industry. This strategic move by Intel is seen as a bold step towards revitalizing the company’s position in the market and staying ahead in the ever-evolving tech landscape. Tan’s leadership is expected to steer Intel towards a path of resurgence and establish a strong foothold in the industry. With his appointment, Intel aims to leverage Tan’s expertise to drive business expansion, foster technological advancements, and ultimately secure a leading position in the Indian market. The tech community eagerly awaits the impact of this leadership change and the strategic direction that Tan will bring to Intel as it strives to reclaim its industry dominance.