Intel has a new boss.

In a statement, Tan didnt offer many specifics about his plans at one of the U.S.s premier chipmakers.

He said the goal is to restore Intels position as a world-class products company.

Intel Lip Bu Tan New CEO of the company

© Intel

He added that the company wants to delight our customers but is equally focused on delivering for its shareholders.

Tan is supposed to take over fully on March 18.

After all, the shareholders and investors helped push out the companys previous chief.

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Gelsinger had been at the company since early 2021.

Intel is supposed to receive $7.86 billion from the Biden administration through the CHIPS Act.

According to his public statement, Tan wants Intel to remain a world-class foundry.

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That will be difficult, considering the companydelayedopeningits $20 billion Ohio semiconductor factory until 2030.

We dont know yet if Tan will be keen on as many antics as Gelsinger was during his tenure.

The former Intel CEO oncedid 10 burpees livebefore the companys 13th-gen Raptor Lake CPUs kickoff.

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