San Francisco: Intel (INTC.O) has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter. Tan, a well-respected semiconductor industry veteran who has long been seen as a contender for CEO at Intel, has been approached by Intel’s board in recent days to gauge his interest in taking up the job, the sources said, requesting anonymity as the discussions are confidential.
According to Radio Television Brunei, the decision to consider external candidates comes amid Intel’s ongoing challenges in maintaining its competitive edge in the semiconductor industry. The company has faced increased pressure from competitors, leading to significant shifts in its leadership and strategic direction. Lip-Bu Tan, known for his extensive experience and knowledge within the semiconductor sector, is considered a strong candidate due to his pre
vious association with Intel’s board and his industry reputation.
Intel’s search for a new CEO signals a potential shift in its leadership strategy as the company seeks to revitalize its position in the market. The board’s move to approach Tan indicates their interest in leveraging his expertise to navigate the complex landscape of the semiconductor industry. While no final decision has been made, the discussions highlight Intel’s proactive approach to addressing its leadership needs in a rapidly evolving technological environment.