Intel Elects Lip-Bu Tan to Its Board of Directors
August 11 2022 - 3:10PM
Business Wire
Intel Corporation today announced that Lip‑Bu Tan, executive
chairman of Cadence Design Systems Inc., chairman of Walden
International, and founding managing partner of Celesta Capital and
Walden Catalyst Ventures, was elected to Intel’s board of
directors, effective Sept. 1, 2022. Tan will join the M&A
Committee of Intel’s board of directors.
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Lip‑Bu Tan was elected to Intel’s board
of directors, effective Sept. 1, 2022. (Photo: Business Wire)
“Lip-Bu is a well-respected global leader in the semiconductor
industry, and we are delighted to welcome him to Intel’s board of
directors,” said Omar Ishrak, chairman of the Intel board. “His
software, semiconductor and venture capital expertise, deep
ecosystem relationships and significant public company board
experience will bring additional valuable perspective to Intel’s
board.”
Tan, 62, has served since 2021 as executive chairman of Cadence,
a computational software company providing solutions used to design
and develop complex semiconductor chips and electronic systems, and
since 2004 as a member of its board. He served as chief executive
officer of Cadence from 2009 to 2021 and as president from 2009 to
2017.
“Intel is an iconic company with a rich history, and I am
honored to join its board of directors,” Tan said. “Under Pat
Gelsinger’s bold leadership, Intel is undergoing a massive
transformation to capitalize on the tremendous opportunities that
lie ahead, and I look forward to being a part of this exciting
journey.”
Tan brings extensive public company board experience to Intel.
In addition to his role on Cadence’s board, he also serves on the
boards of Credo Technology Group Holding Ltd. and Schneider
Electric SE. At Carnegie Mellon University, he serves on the board
of trustees and the School of Engineering Dean’s Council; and at
the University of California, Berkeley, he serves on the
Engineering Advisory Board and its Division of Computing, Data
Science, and Society Advisory Board. Previously, he served as a
director of several public companies, including SoftBank Group
Corp. from 2020 to 2022; Hewlett Packard Enterprise Company from
2015 to 2021; Advanced Micro-Fabrication Equipment Inc. China
(AMEC), a global semiconductor microfabrication equipment company,
from 2005 to 2020; and Flextronics International Ltd. from 2003 to
2012.
He holds a Bachelor of Science in physics from Nanyang
Technological University in Singapore, a Master of Science in
nuclear engineering from the Massachusetts Institute of Technology
and an MBA from the University of San Francisco. He was recently
named the 2022 recipient of the Semiconductor Industry
Association’s highest honor, the Robert N. Noyce Award.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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Penelope Bruce Media Relations 1-408-893-0601
Penelope.Bruce@intel.com Timothy Blankenship Investor Relations
1-408-765-7700 Timothy.Blankenship@intel.com
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