[News] Lip-Bu Tan Resigns from Intel Board Amid Reported Disagreements

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As per sources cited in a report from Reuters, it’s revealed that former Intel board member Lip-Bu Tan stepped down after just two years due to disagreements with CEO Pat Gelsinger and other board members.

Two years ago, former Cadence Design Systems CEO Lip-Bu Tan was invited to join Intel’s board of directors to help reverse the company’s operational decline and restore its position as a chipmaker.

In October 2023, his role was expanded to oversee Intel’s manufacturing operations. However, he reportedly stepped down from Intel’s board last week.

The regulatory filings submitted last week have indicated that Tan’s departure from the board was due to a personal decision to reprioritize various commitments, though he remains supportive of Intel and its critical work.

Yet, Reuters further reported that Lip-Bu Tan, a seasoned semiconductor industry veteran, expressed frustration bloated workforce, risk aversion, and lagging AI strategies. This suggests uncertainty around Intel’s efforts to return to profitability.

As of now, neither Intel nor Tan’s venture capital firm, Walden Catalyst, have commented on the matter.

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(Photo credit: Intel)