Intel appoints new CEO as it struggles to regain ground in AI and semiconductor market
Tan expressed his commitment to reshaping Intel’s strategy. “I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders,” he stated.
Intel’s financial outlook remains uncertain. In January, the company provided a weak forecast despite surpassing earnings and revenue expectations.
Executives cited economic conditions, competition, and seasonal factors as challenges, while concerns over potential tariffs added further uncertainty.
Zinsner will return to his role as executive vice president and chief financial officer, while Holthaus will continue leading Intel Products.
Yeary acknowledged their efforts in stabilizing the company, stating, “Their discipline and focus have been a source of stability as we continue the work needed to deliver better execution, rebuild product leadership, advance our foundry strategy and begin to regain investor confidence.”