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Intel has appointed Lip-Bu Tan as its new chief executive, ending a months-long search for a new leader after the troubled US chipmaker’s board ousted Pat Gelsinger in December.
Tan, former chief executive of chip design software company Cadence, quit Intel’s board in August last year in an apparent disagreement over the direction of the company under the then-CEO.
He had long been considered a leading candidate to replace Gelsinger.
Chief financial officer David Zinsner and product business chief Michelle Johnston Holthaus had been serving as co-CEOs of Intel and remain at the company.
