Lip-Bu Tan was appointed CEO of Intel, while Bill Brennan became CEO of Credo, and Tan subsequently offloaded shares of Credo.

The entities involved

• Credo →

  American natural, organic and clean beauty retailer and spa

  • Credo has been listed on a stock exchange.Mon 03:55
  • Credo Technology Group is listed on Nasdaq and filed reports with the SEC.Sun 22:32
• Intel →

  American multinational technology company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Hyperscalers are competing for AI market share, driving high demand for semiconductors and boosting corporate profits.Mon 16:49
• Lip-Bu Tan →

  American businessman

  • Lip-Bu Tan has been confirmed as the CEO of Intel, a leading manufacturer of computer processors, while Allegro MicroSystems focuses on data center chip design.Sun 13:48
  • Intel's new CEO, Lip-Bu Tan, faces intense competitive pressure from rivals like Groq and AMD, while advisor Jonathan Ross urges systemic fixes.Sun 07:54

Related events

• Lip-Bu Tan provided Series A investment and strategic guidance to Credo Technology Group Holding Ltd, which has Amazon and Microsoft as cornerstone clients.Jun 7
• Intel appoints Lip-Bu Tan as CEO, facing market share losses while securing major investments from SoftBank and the US government.Jun 7
• CEO Lip-Bu Tan is reviewing the status of Intel's processor lines.Sep 8
• Lip-Bu Tan is considering a strategic shift in chip manufacturing for Intel.Jun 8
• Lip-Bu Tan discusses Intel's market position, noting that the company trades on the Nasdaq exchange and is a major player in the chip market, viewed as an inference and foundry play.Jun 12