Intel is executing a significant transformation under new CEO Lip-Bu Tan, restructuring its board of directors to prioritize semiconductor-specific expertise in a bid to revitalize the company's competitive position.
The chipmaker recently appointed two industry veterans to its board: Eric Meurice, former CEO of ASML, who played a key role in establishing the company as a leader in extreme ultraviolet (EUV) lithography, and Steve Sanghi, interim CEO of Microchip Technology, who transformed his company into a US$44 billion enterprise over three decades. Both executives bring extensive semiconductor experience and have previously worked at Intel.
Simultaneously, three existing board members—Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey—will not seek reelection, reducing the board to 11 members. This shift marks a pivotal change from diverse backgrounds in academia and healthcare to concentrated semiconductor industry expertise.
The strategic realignment comes as Intel aims to strengthen its execution capabilities in chip design and manufacturing, with particular focus on advanced process technologies and foundry operations. Under Tan's leadership, Intel plans a comprehensive overhaul of its manufacturing and AI operations, including a reevaluation of chip manufacturing methods and AI strategies to drive efficiency.
Industry analysts note that while the board's semiconductor-centric focus strengthens Intel's technical capabilities, it may limit perspectives from other industries that could foster broader innovation. Nevertheless, the new board composition is expected to accelerate advancements in AI, high-performance computing, and edge technologies as Intel works to regain market share against rivals like AMD and Nvidia.
The company continues to face significant challenges, including geopolitical tensions, supply chain disruptions, and the need for continuous innovation in the rapidly evolving semiconductor landscape.
Article edited by Jack Wu
