“This is welcome news for Intel Corporation. With the appointing industry veterans who essentially understand the semiconductor industry, both due to product design aspects and chip manufacturing needs, we need help Intel Foundry to make the tools more user-friendly and accessible.
“I think he understands business very well,” said Alvin Nguyen, senior analyst at Forrester Research. “There were few people who Intel could bring in in the right background. He was one of them.”
He also gave the high marks of the tongue for his time at Cadence. “He was able to relate them in terms of keeping them on the platform to design them, but that’s another part of the semiconductor industry. Success there doesn’t mean success at Intel, so I’m looking forward to seeing how he handles things,” says Nguyen.
After being CEOs of four (one CO-CEO) over the past seven years, Tan has seen a significant erosion of market share, causing it to fall by 60% over the past year, and its stock has been removed from Dow Jones’ overall average and replaced by Nvidia.
It has been rumoured that everyone from Broadcom to Elon Musk will become buyers, and for a while, there have been rumours that Intel has been on sale. There is also talk of the company’s split, in which the fab is sent to one customer. Most notably, Taiwan Semiconductor Manufacturing Company (TSMC) and the semiconductor business go to another customer. Tan’s appointment is supposed to be said by experts to give these rumors a break.
“Intel has a powerful, differentiated computing platform, a vast customer installation base and a robust manufacturing footprint that is growing in the days of rebuilding its roadmap for process technology,” Tan said in a statement issued by Intel. “I’m part of the company and based on the work that the entire Intel team has done to position our business for the future.”
