Lip-Bu Tan

In this Chinese name, the family name is Tan. The native form of this personal name is Tan Lip-Bu. This article uses Western name order when mentioning individuals.
Lip-Bu Tan
陳立武
Born (1959-11-12) November 12, 1959
Muar, Federation of Malaya
CitizenshipUnited States
Education
OccupationBusiness executive
Title
SpouseYsa Loo
Children2
Chinese name
Traditional Chinese陳立武[2]
Simplified Chinese陈立武
Hanyu PinyinChén Lìwǔ
Hokkien POJTân Li̍p-bú
Websitenewsroom.intel.com

Lip-Bu Tan (Chinese: 陳立武; pinyin: Chén Lìwǔ; Pe̍h-ōe-jī: Tân Li̍p-Bú; born November 12, 1959) is an American business executive, who has been the chief executive officer (CEO) of Intel since March 2025.[3] Tan previously was the CEO of Cadence Design Systems from 2009 to 2021.[4]

Born in Johor, Tan graduated from Nanyang University of Singapore with a bachelor's degree in physics. He later enrolled at University of San Francisco in the United States, where he graduated with a master's in business administration. Outside of Intel, he is the chairman of Walden International, a venture capital firm.[5]

Early life

Tan was born in 1959 in Muar, Johor, in the previous Federation of Malaya (now Malaysia) to an ethnic Chinese family in Malaysia.[6][7] His father was the chief editor of Malaysian Chinese-language daily newspaper Nanyang Siang Pau and his mother was a teacher. Tan was educated in neighbouring Singapore; he graduated from Nanyang University (merged with the National University of Singapore in 1980) with a bachelor's degree with a major in physics.[8] Tan then moved to the United States and completed a master's degree in nuclear engineering at the Massachusetts Institute of Technology (MIT).[6] Tan began his doctoral studies in nuclear engineering at MIT. However, after the 1979 Three Mile Island accident and the subsequent sharp reduction in opportunities in the nuclear industry, Tan left MIT and moved to the University of San Francisco in California, where he graduated with a Master of Business Administration.[6][9][10]

Career

Tan was a manager at EDS Nuclear and ECHO Energy and partner at the Walden USA investment fund before founding venture capital firm Walden International in 1987.[11][10][12] He named the firm after the book Walden by Henry David Thoreau because Tan's goal was to be like Thoreau: "contrarian, rather than just following the trend."[9]

For growing the company from $20 million upon its founding to $2 billion by 2001 by focusing its investments in Asian tech startups, Forbes dubbed Tan "the pioneer of Asian VC" in 2001.[7][13] In the years since, Walden has deepened its investment focus on China: from 2017 to 2020, the company made at least 25 investments in Chinese chip companies, "accounting for more than 40% of the Chinese semiconductor deals involving U.S. venture investors during that period"[14] while Tan, through Walden, "has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army."[15]

In 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party sent a letter to Tan in which the committee raised its concerns about Walden's investments in Chinese tech companies, including those "that the Commerce Department has blacklisted for involvement in human-rights abuses or Chinese military uses."[14] A report from the same committee "found that Walden’s internal documents cited the Chinese government’s prioritization of semiconductors as a reason to invest in the sector."[14]

In February 2004, the Cadence Design Systems board of directors elected Tan to the board.[16] Tan became interim co-CEO of Cadence in October 2008, following the resignation of Michael Fister in October 2008. The Cadence board formally named Tan president and CEO effective January 2009.[17] Under Tan's leadership, Cadence grew its net worth to $1.3 billion by 2012, including $440 million in that year alone.[18] Cadence also expanded its Shanghai office in 2012.[19] In 2013, Cadence purchased private chip design company Tensilica for $380 million.[20] In November 2017, Tan dropped the title of president while remaining CEO of Cadence.[21] He stepped down as CEO and became executive chairman in 2021.[4] He stepped down from the office of chairman of Cadence in 2023.[22]

In 2017, the analytics firm Relationship Science named him most connected executives in the technology industry garnering a perfect "power score" of 100.[23]

On March 12, 2025, Tan was named CEO of Intel, effective March 18.[24][25]

In July 2025, Cadence Design Systems agreed to a plea deal with the US government to settle claims that it illegally exported products to China between 2015 and 2021, when Tan was the CEO.[26]

In August 2025 President Trump posted on Truth Social that Tan should resign immediately.[27] En toto: “The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!”[28]

Boards and memberships

From 2006 to 2011, Tan was a trustee of Nanyang Technological University in Singapore.[7] Tan also served on the Regent College board of governors from 2006 to 2012,[7] and on the board of trustees of New College Berkeley until 2013. Additionally, Tan is on the boards of Hewlett Packard Enterprise, Schneider Electric, and Softbank and has been on the boards of Ambarella, Flextronics International, Inphi Corporation, Mindtree, Semiconductor Manufacturing International Corporation, UC Berkeley College of Engineering, and United Overseas Bank.[7][29]

Tan has been a member of the board of Intel Corporation[30] from 2022 until 2024 when he stepped down from the board.[31] In January 2025, Celestial AI announced the appointment of Tan to its board of directors.[32]

Tan is a member of The Business Council.[33][34] He is also a member of the Committee of 100.[7]

Philanthropy

In November 2019, Tan and Cadence Design Systems endowed two computer science professorships for $3 million each at Carnegie Mellon University in Pittsburgh, Pennsylvania, United States.[35] In June 2024, Tan has pledged a gift of S$3 million[36] to Nanyang Technology University, Singapore to set up a new professorship in artificial intelligence (AI), to attract talents and support the advancement of research and education at NTU's College of Computing and Data Science.

In November 2024, Tan and his associates at Walden International committed an investment of S$5 million to kickstart the Nanyang Frontier Fund,[37] a new VC fund launched by Nanyang Technological University, Singapore and Walden International, to support deep tech spin-offs from the university.

Personal life

Tan is an American citizen[38] and lives in Piedmont, California, with his wife Ysa Loo. They have two grown children. A Christian, he adheres to Presbyterianism.[6] Tan has also been an elder at the First Presbyterian Church of Berkeley since the 1990s.[39]

Awards

References

  1. ^ "Lip Bu Tan CDSS at Berkeley". University of California Berkeley.
  2. ^ "Cadence總裁陳立武：國內半導體公司技術不落後". Sina Finance. 9 August 2012. Archived from the original on 28 July 2017. Retrieved 12 September 2016.
  3. ^ Tan, Lip-Bu (12 March 2025). "Intel Press Announcement". Archived from the original on 12 March 2025. Retrieved 12 March 2025.
  4. ^ a b "Cadence Announces Anirudh Devgan to Become CEO in December 2021; Lip-Bu Tan to Transition to Role of Executive Chairman at That Time" (Press release). San Jose, California: Cadence. July 26, 2021. Retrieved March 13, 2025.
  5. ^ Tan, Lip-Bu. "Lip-bu Tan official LinkedIn page".
  6. ^ a b c d Johnson, Steve (February 4, 2011). "Mercury News interview: Lip-Bu Tan, president and CEO of Cadence Design Systems". San Jose Mercury News. Archived from the original on May 5, 2017. Retrieved July 5, 2020.
  7. ^ a b c d e f "Lip-Bu Tan". Committee of 100. Archived from the original on December 13, 2024. Retrieved July 8, 2020.
  8. ^ Marinissen, Erik Jan (November 2012). "Pioneering in Asia With the U.S. Venture Capital Model". IEEE Design & Test of Computers. 29 (6): 52–55. Bibcode:2012IDTC...29...52M. doi:10.1109/MDT.2012.2221003.
  9. ^ a b "Special Report -- Stars of Asia -- Financiers: Lip-Bu Tan, Chairman, Walden International, U.S." BusinessWeek. July 12, 2004. Archived from the original on July 7, 2004. Retrieved July 7, 2020.
  10. ^ a b "Lip-Bu Tan". Walden International. Archived from the original on September 16, 2021. Retrieved August 7, 2025.
  11. ^ Tan, Lip-Bu oral history. Computer History Museum. October 1, 2018. Archived from the original on October 31, 2022. Retrieved July 7, 2020.
  12. ^ Nass, Gilad (September 22, 2001). "Walden: A VC fund that looks to the future". Globes: Israel's Business Arena. Archived from the original on September 25, 2001. Retrieved July 19, 2020.
  13. ^ Kitchens, Susan (April 2, 2001). "The pioneer of Asian VC". Forbes. Archived from the original on August 19, 2002. Retrieved July 8, 2020.
  14. ^ a b c Somerville, Heather (13 March 2025). "Five Things to Know About Intel's New CEO". The Wall Street Journal. Archived from the original on 11 May 2025. Retrieved 26 May 2025.
  15. ^ Cherney, Max A.; Baptista, Eduardo; Nellis, Stephen (10 April 2025). "Intel CEO invested in hundreds of Chinese companies, some with military ties". Reuters. Archived from the original on 23 July 2025. Retrieved 26 May 2025.
  16. ^ "Cadence Elects Lip-Bu Tan to its Board of Directors". Cadence Design Systems. February 10, 2004. Archived from the original on June 12, 2004. Retrieved July 8, 2020.
  17. ^ Leopold, George (January 8, 2009). "Lip-Bu Tan named Cadence CEO". EE Times. Retrieved July 8, 2020.
  18. ^ Pulakkat, Hari (February 18, 2013). "Cadence CEO Lip-Bu Tan looking for good startups to invest in India". The Economic Times. Archived from the original on July 19, 2020. Retrieved July 19, 2020.
  19. ^ Sibley, Lisa (March 21, 2012). "Cadence expands Shanghai office and R&D center". Silicon Valley Business Journal. Retrieved July 8, 2020.
  20. ^ Schubarth, Cromwell (March 12, 2013). "Cadence Design to buy Tensilica for $380M". Silicon Valley Business Journal. Archived from the original on February 26, 2025. Retrieved July 8, 2020.
  21. ^ "Cadence Design Systems Inc 2017 Current Report 8-K". Archived from the original on 2020-07-11. Retrieved 2020-07-09.
  22. ^ "Cadence Appoints Mary Louise Krakauer as Chair of the Board" (Press release). San Jose, California: Cadence. May 11, 2023. Retrieved March 13, 2025.
  23. ^ Vlastelica, Ryan (2017-06-01). "These are the most well-connected people in the tech industry". MarketWatch. Retrieved 2017-06-13.
  24. ^ Leswing, Kif (2025-03-12). "Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12%". CNBC. Retrieved 2025-03-12.
  25. ^ Berman, Noah; Chen, Eliot (2025-03-21). "Intel's Surprising Savior". The Wire China. Retrieved 2025-08-09.
  26. ^ Miller, Nicholas G. "Cadence Design Systems Pleads Guilty to Export Violation, Will Pay $140.6 Million in Settlement". WSJ. Retrieved 2025-07-28.
  27. ^ Soni, Aditya. "Trump demands 'highly conflicted' Intel CEO resign over China ties". Reuters.
  28. ^ "Intel's stock tumbles after Trump says its CEO must resign".
  29. ^ "Biography: Lip-Bu Tan". SoftBank Group Corp. Archived from the original on 2022-05-21. Retrieved 2020-07-10.
  30. ^ "Intel Elects Lip-Bu Tan to Its Board of Directors". 11 August 2022. Archived from the original on 2 March 2023. Retrieved 2 March 2023.
  31. ^ "Semiconductor veteran Lip-Bu Tan exits Intel's board". Yahoo Finance. 2024-08-22. Archived from the original on 2024-08-22. Retrieved 2024-08-22.
  32. ^ "Celestial AI Announces Appointment of Semiconductor Industry Icon Lip-Bu Tan to Board of Directors". Celestial.ai. January 28, 2025. Retrieved March 15, 2025.
  33. ^ "Lip-Bu Tan". Committee of 100. Archived from the original on 2024-12-13. Retrieved 2025-07-11.
  34. ^ "Lip-Bu Tan | CDSS at UC Berkeley". cdss.berkeley.edu. Retrieved 2025-07-11.
  35. ^ Torrance, Luke (November 13, 2019). "Carnegie Mellon receives $6M for two computer-related professorships". Pittsburgh Business Times. Retrieved July 8, 2020.
  36. ^ "S$3 million gift from venture capitalist to support alma mater's first AI professorship". Corporate NTU. Retrieved 2025-03-13.
  37. ^ "Venture capitalist Tan Lip-Bu kickstarts NTU Singapore's S$50 million venture capital fund with S$5 million investment" (PDF). NTU news.
  38. ^ "Mr. Lip-Bu Tan - Board candidate" (PDF). Archived (PDF) from the original on 2020-07-06. Retrieved 2020-07-06.
  39. ^ "Lip-Bu Tan's Non-Profit Activities" (PDF). Archived from the original (PDF) on 2020-07-11. Retrieved 2021-12-07.
  40. ^ "Lip-Bu Tan, Executive Chairman of Cadence Design Systems and Chairman of Walden International, to Receive Semiconductor Industry's Top Honor". Semiconductor Industry Association. August 2, 2022. Archived from the original on August 2, 2022. Retrieved August 2, 2022.
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