Nigeria, March 13 -- Intel has appointed Lip-Bu Tan as its new Chief Executive Officer, bringing in a well-known figure in the semiconductor industry.

The announcement was made on Wednesday, marking a leadership change at the tech giant.

Tan takes over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus.

While Zinsner will continue as Intel's Chief Financial Officer, Holthaus will remain the head of the Intel Products division.

Along with his new role, Tan will also return to Intel's board of directors, a position he left in August 2024.

Originally from Malaysia, Tan has built a strong reputation in the technology and investment sectors.

He was previously the CEO of Cadence Design Systems and has experience managing en...