Intel appoints Tan Lip-Bu as CEO as it faces competition and US manufacturing push

Struggling chipmaker Intel has appointed former board member Tan Lip-Bu as its next CEO at a time when the US seeks to shape up domestic manufacturing to take on China.

The Malaysia-born chip industry veteran is taking on the role when the one-time industry leader is falling behind most of its rivals and US President Donald Trump, during his speech to Congress last week, told speaker Mike Johnson: “You should get rid of the CHIP Act.”