Intel Corp.announced a curious change in its board of directors, with Lip-Bu Tan, executive chairman of Cadence Design Systems, joining the mergers and acquisitions committee on Sept.1.Lip-Bu Tan has been on the board of the leading semiconductor and electronic systems design software company since 2004 in various positions.Image source: Business Wire He has served as executive chairman of Cadence since 2021 and has been a member of the board of directors since 2004.He served as CEO from 2009 to 2021, and as president from 2009 to 2017.Since Lip-Bu Tan simultaneously leads several venture capital funds, his experience will be useful to Intel when selecting investment targets, whether mergers with established market players or investments in promising young companies.Intel also appreciates Lip-Bu Tan's experience in various board positions at Cadence, as well as his extensive business connections in the semiconductor industry.Mr.Tan received the highest honor of Robert Noyce, co-founder of Intel, from the Semiconductor Industry Association's (SIA) Semiconductor Industry Association in 2022.Lip-Boo Tan currently combines his position as executive chairman of Cadence with positions on the boards of Credo Technology Group and Schneider Electric SE.He also serves on the supervisory boards of several US universities, and boasts experience as a board member of SoftBank Group, Hewlett-Packard Enterprise, AMEC and Flextronics International.Mr.Tan holds degrees in physics and nuclear energy, as well as an MBA from the University of San Francisco.
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