Intel Corporation informed on interesting changes to the composition of the Board of Directors – effective September 1, it will include Cadence Design Systems Executive Chairman Lip-Bu Tan, who will join the Mergers and Acquisitions Committee. Since 2004, Lip-Bu Tan has held various positions on the board of directors of a leading developer of software for the design of semiconductor components and electronic systems.
He has been Executive Chairman of Cadence since 2021 and a member of the Board of Directors since 2004. He was the company’s CEO from 2009 to 2021 and its president from 2009 to 2017. Since Lip-Bu Tan runs several venture capital funds at the same time, his experience will help Intel in selecting investment targets, be it mergers with already established market players or investing in promising young companies.
Intel also appreciates Lip-Boo Tan’s experience in various positions on Cadence’s board of directors, as well as his extensive business connections in the semiconductor industry. In 2022, Lip-Boo Tan received the SIA’s highest honor, named after Robert Noyce, one of the founders of Intel Corporation. Lip-Bu Tan currently combines his role as Executive Chairman of Cadence with board positions at Credo Technology Group and Schneider Electric SE. He also serves on the boards of several US universities and has board experience at SoftBank Group, Hewlett-Packard Enterprise, AMEC and Flextronics International. Mr. Tang holds degrees in Physics and Nuclear Energy and an MBA from the University of San Francisco.