“Under my leadership, Intel will be an engineering-focused company,” Tan said in a statement. “We will push ourselves to develop the best products, listen intently to our customers, and hold ourselves accountable to the commitments we make so that we build trust.”

Lip-Bu Tan, who resigned from Intel's board last summer, is back with the troubled chipmaker — as its newly appointed chief executive officer.

March 13 (UPI) -- Intel appointed Lip-Bu Tan as its CEO following the retirement of former CEO Pat Gelsinger in late 2024.