Lip-Bu Tan

{{Infobox person

| native_name = 陈立武

| native_name_lang = zh-my

| birth_date = {{birth date and age|1959|11|12}}

| birth_place = Muar, Johor, Federation of Malaya

| citizenship = United States[https://www.se.com/ww/en/Images/lip-bu-tan-biography_tcm564-27850.pdf Mr. Lip-Bu Tan - Board candidate] {{Archive url|url=https://web.archive.org/web/20200706103241/https://www.se.com/ww/en/Images/lip-bu-tan-biography_tcm564-27850.pdf|date=2020-07-06}}

| office = CEO of Intel

| occupation = Business executive, venture capitalist

| employer = {{unbulleted list|Cadence Design Systems|Walden International|Intel}}

| boards = Hewlett Packard Enterprise
Schneider Electric
Softbank

| alma_mater = {{unbulleted list|Nanyang University (BS)|Massachusetts Institute of Technology (MS)|University of San Francisco (MBA)}}

| spouse = Ysa Loo

| children = 2

| module = {{Infobox Chinese|child=yes|hide=no

| t = 陳立武{{cite news|url=http://finance.sina.com/bg/tech/sinacn/20120809/1033571834.html|title=Cadence總裁陳立武：國內半導體公司技術不落後|work=Sina Finance|date=9 August 2012|accessdate=12 September 2016}}

| s = 陈立武

| p = Chén Lìwǔ

| poj = Tân Li̍p-bú}}

}}

Lip-Bu Tan ({{Lang-zh|s=陈立武|p=Chén Lìwǔ|poj=Tân Li̍p-Bú}}; born November 12, 1959) is a Malaysian-born American business executive and entrepreneur, who has served as the chief executive officer of Intel since 2025.{{Cite web |last=Tan |first=Lip-Bu |title=Intel Press Announcement |date=12 March 2025 |url=https://www.intc.com/news-events/press-releases/detail/1730/intel-appoints-lip-bu-tan-as-chief-executive-officer }} He also serves as chairman of Walden International, a venture capital firm.{{Cite web |last=Tan |first=Lip-Bu |title=Lip-bu Tan official LinkedIn page |url=https://www.linkedin.com/in/lip-bu-tan-284a7846/details/experience/ }} He was the longtime CEO of Cadence Design Systems from 2009 to 2021.

Early life and education

Tan was born in 1959 in Muar, Johor, in the previous Federation of Malaya (now Malaysia) to an ethnic Malaysian Chinese family.{{cite web|last=Johnson|first=Steve|title=Mercury News interview: Lip-Bu Tan, president and CEO of Cadence Design Systems|work=San Jose Mercury News|date=February 4, 2011|url=https://www.mercurynews.com/2011/02/04/mercury-news-interview-lip-bu-tan-president-and-ceo-of-cadence-design-systems/|accessdate=July 5, 2020|archiveurl=https://web.archive.org/web/20170505111504/http://www.mercurynews.com/2011/02/04/mercury-news-interview-lip-bu-tan-president-and-ceo-of-cadence-design-systems/|archivedate=May 5, 2017|url-status=live}}{{cite web|url=https://www.committee100.org/members/lipbutan/|title=Lip-Bu Tan|publisher=Committee of 100|accessdate=July 8, 2020}} 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 of Science degree with a major in physics.{{cite journal|title=Pioneering in Asia With the U.S. Venture Capital Model|last=Marinissen|first=Erik Jan|journal=IEEE Design & Test of Computers|date=November 2012|pages=52–55|volume=29|issue=6|doi=10.1109/MDT.2012.2221003|doi-access=free}} Tan then moved to the United States and completed a Master of Science in nuclear engineering at the Massachusetts Institute of Technology (MIT). 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.{{cite web|url=https://www.bloomberg.com/news/articles/2004-07-11/lip-bu-tan|title=Special Report -- Stars of Asia -- Financiers: Lip-Bu Tan, Chairman, Walden International, U.S.|work=BusinessWeek|date=July 12, 2004|accessdate=July 7, 2020|archiveurl=https://web.archive.org/web/20040707011051/http://www.businessweek.com/magazine/content/04_28/b3891421.htm|archivedate=July 7, 2004|url-status=dead}}{{cite web|url=http://www.waldenintl.com/team/lip-bu_tan.aspx|title=Lip-Bu Tan|publisher=Walden International|accessdate=July 7, 2020}}

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.{{cite book|url=https://www.computerhistory.org/collections/catalog/102717383|title= Tan, Lip-Bu oral history |publisher=Computer History Museum|accessdate=July 7, 2020|date=October 1, 2018}}{{cite web|archiveurl=https://web.archive.org/web/20010925192849/http://www.globes.co.il/serveen/globes/docview.asp?did=522894&fid=1001|archivedate=September 25, 2001|title=Walden: A VC fund that looks to the future|last=Nass|first=Gilad|work=Globes: Israel's Business Arena|date=September 22, 2001|url=https://en.globes.co.il/en/article-522894|url-status=dead|access-date=July 19, 2020}} 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." 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.{{cite web|archiveurl=https://web.archive.org/web/20020819235106/http://www.forbes.com/global/2001/0402/037_print.html|archivedate=August 19, 2002|url=http://www.forbes.com/global/2001/0402/037.html|title= The pioneer of Asian VC |last=Kitchens|first=Susan|work=Forbes|date=April 2, 2001|accessdate=July 8, 2020|url-status=dead}} In the years since, Walden has deepened its investment focus on China: from 2017-2020, 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"{{cite news |last1=Somerville |first1=Heather |title=Five Things to Know About Intel's New CEO |url=https://www.wsj.com/tech/intel-new-ceo-lip-bu-tan-five-things-214c41b6 |access-date=26 May 2025 |website=Wall Street Journal |date=13 March 2025}} while Tan, through Walden, "has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army."{{cite news |last1=A. Cherney |first1=Max |last2=Baptista |first2=Eduardo |last3=Nellis |first3=Stephen |title=Intel CEO invested in hundreds of Chinese companies, some with military ties |url=https://www.reuters.com/technology/intel-ceo-invested-hundreds-chinese-companies-some-with-military-ties-2025-04-10 |access-date=26 May 2025 |website=Reuters |date=10 April 2025}} In 2023, the House Select Committee on 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." 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."

On February 10, 2004, the Cadence Design Systems board of directors elected Tan to the board.{{cite web|url=https://www.cadence.com/en_US/home/company/newsroom/press-releases/pr-ir/2004/cadenceelectslipbutantoitsboardofdirectors.html|title=Cadence Elects Lip-Bu Tan to its Board of Directors|publisher=Cadence Design Systems|date=February 10, 2004|accessdate=July 8, 2020|archiveurl=https://web.archive.org/web/20040612072341/http://cadence.com/company/newsroom/press_releases/pr.aspx?xml=021004_tan|archivedate=June 12, 2004|url-status=live}} Tan became interim co-CEO of Cadence Design Systems in October 2008, following the resignation of Michael Fister in October 2008. The Cadence board formally named Tan president and CEO effective January 8, 2009.{{cite web|url=https://www.eetimes.com/lip-bu-tan-named-cadence-ceo/|title=Lip-Bu Tan named Cadence CEO|last=Leopold|first=George|work=EE Times|date=January 8, 2009|accessdate=July 8, 2020}} Under Tan's leadership, Cadence grew its net worth to $1.3 billion by 2012, including $440 million in that year alone.{{cite news|last=Pulakkat|first=Hari|url=https://economictimes.indiatimes.com/industry/banking/finance/cadence-ceo-lip-bu-tan-looking-for-good-startups-to-invest-in-india/articleshow/18550810.cms|title=Cadence CEO Lip-Bu Tan looking for good startups to invest in India|work=The Economic Times|date=February 18, 2013|accessdate=July 19, 2020|archiveurl=https://archive.today/20200719202522/https://economictimes.indiatimes.com/industry/banking/finance/cadence-ceo-lip-bu-tan-looking-for-good-startups-to-invest-in-india/articleshow/18550810.cms|archivedate=July 19, 2020|url-status=live}} Cadence also expanded its Shanghai office in 2012.{{cite web|url=https://www.bizjournals.com/sanjose/news/2012/03/21/cadence-expands-shanghai-office-and.html|title=Cadence expands Shanghai office and R&D center |last=Sibley|first=Lisa|work=Silicon Valley Business Journal|date=March 21, 2012|accessdate=July 8, 2020}} In 2013, Cadence purchased private chip design company Tensilica for $380 million.{{cite web|url=https://www.bizjournals.com/sanjose/news/2013/03/12/cadence-to-buy-tensilica-for-380m.html|title=Cadence Design to buy Tensilica for $380M |last=Schubarth|first=Cromwell|work=Silicon Valley Business Journal|date=March 12, 2013|accessdate=July 8, 2020}} On November 16, 2017, Tan dropped the title of president while remaining CEO of Cadence.{{Cite web|url=https://sec.report/Document/0001193125-17-345755/|title = Cadence Design Systems Inc 2017 Current Report 8-K}} He stepped down as CEO and became executive chairman in 2021.{{cite press release |url=https://www.cadence.com/en_US/home/company/newsroom/press-releases/pr/2021/cadence-announces-anirudh-devgan-to-become-ceo-in-december-2021-.html |title=Cadence Announces Anirudh Devgan to Become CEO in December 2021; Lip-Bu Tan to Transition to Role of Executive Chairman at That Time |location=San Jose, California |publisher=Cadence |date=July 26, 2021 |access-date=March 13, 2025}} He stepped down from the office of executive chairman of Cadence in 2023.{{cite press release |url=https://www.cadence.com/en_US/home/company/newsroom/press-releases/pr/2023/cadence-appoints-mary-louise-krakauer-as-chair-of-the-board.html |title=Cadence Appoints Mary Louise Krakauer as Chair of the Board |location=San Jose, California |publisher=Cadence |date=May 11, 2023 |access-date=March 13, 2025}}

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

| title = These are the most well-connected people in the tech industry

| last = Vlastelica | first = Ryan

| work = MarketWatch

| date = 2017-06-01

| accessdate = 2017-06-13

| url = http://www.marketwatch.com/story/these-are-the-most-well-connected-people-in-the-tech-industry-2017-06-01

| quote =

}}

On March 12, 2025, Tan was named CEO of Intel, effective March 18.{{Cite web |last=Leswing |first=Kif |date=2025-03-12 |title=Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12% |url=https://www.cnbc.com/2025/03/12/intel-appoints-lip-bu-tan-as-new-ceo-stock-up-11percent.html |access-date=2025-03-12 |website=CNBC |language=en}}

= Boards and memberships =

From 2006 to 2011, Tan was a trustee of Nanyang Technological University in Singapore. Tan also served on the Regent College Board of Governors from 2006 to 2012, and on the Board of Trustees of New College Berkeley until 2013. Additionally, Tan currently directs the boards of Hewlett Packard Enterprise, Schneider Electric, and Softbank and has served on the boards of Ambarella, Flextronics International, Inphi Corporation, Mindtree, Semiconductor Manufacturing International Corporation, UC Berkeley College of Engineering, and United Overseas Bank.{{Cite web|url=https://group.softbank/en/about/officer/tan|title = Biography: Lip-Bu Tan| work=SoftBank Group Corp. }} He is also a member of the Committee of 100. Tan served as a member of the board of Intel Corporation{{cite web | url=https://www.intc.com/news-events/press-releases/detail/1566/intel-elects-lip-bu-tan-to-its-board-of-directors#:~:text=%2D%2D(BUSINESS%20WIRE)%2D%2D%20Intel,1%2C%202022 | title=Intel Elects Lip-Bu Tan to Its Board of Directors | date=11 August 2022 }} from 2022 until 2024 when he stepped down from the board.{{Cite web |date=2024-08-22 |title=Semiconductor veteran Lip-Bu Tan exits Intel's board |url=https://finance.yahoo.com/news/intel-director-lip-bu-tan-184009065.html |access-date=2024-08-22 |website=Yahoo Finance |language=en-US}} On January 28, 2025, [https://www.celestial.ai/ Celestial AI] announced the appointment of Lip-Bu Tan to the Board of Directors.{{cite web

|url=https://www.celestial.ai/blog/celestial-ai-announces-appointment-of-semiconductor-industry-icon-lip-bu-tan-to-board-of-directors

|title=Celestial AI Announces Appointment of Semiconductor Industry Icon Lip-Bu Tan to Board of Directors

|website=Celestial.ai

|date=January 28, 2025

|access-date=March 15, 2025

}}

= 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.{{cite web|last=Torrance|first=Luke|url=https://www.bizjournals.com/pittsburgh/news/2019/11/13/carnegie-mellon-receives-6m-for-two-computer.html|title=Carnegie Mellon receives $6M for two computer-related professorships |work=Pittsburgh Business Times|date=November 13, 2019|accessdate=July 8, 2020}} In June 2024, Tan has pledged a gift of S$3 million{{Cite web |title=S$3 million gift from venture capitalist to support alma mater's first AI professorship |url=https://www.ntu.edu.sg/news/detail/sgd3-million-gift-from-venture-capitalist-to-support-alma-mater's-first-ai-professorship |access-date=2025-03-13 |website=Corporate NTU |language=en}} 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,{{Cite web |title=Venture capitalist Tan Lip-Bu kickstarts NTU Singapore's S$50 million venture capital fund with S$5 million investment |url=https://www.ntu.edu.sg/docs/default-source/academic-services/venture-capitalist-tan-lip-bu-kickstarts-ntu-50-million-venture-capital-fund.pdf |website=NTU news}} 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 and lives in Piedmont, California, with his wife Ysa Loo. They have two grown children. A Christian, he adheres to Presbyterianism. Tan has also been an elder at the First Presbyterian Church of Berkeley since the 1990s.{{Cite web |title=Lip-Bu Tan's Non-Profit Activities |url=http://www.waldenintl.com/docs/LBT%27s%20Non-profit.2018_2.21.pdf |archive-url=https://web.archive.org/web/20200711061502/http://www.waldenintl.com/docs/LBT's%20Non-profit.2018_2.21.pdf |archive-date=2020-07-11 |access-date=2021-12-07}}

Awards

August 2022: Received the Robert N. Noyce Award from the Semiconductor Industry Association (SIA), the industry’s highest honor.{{cite web |date=August 2, 2022 |title=Lip-Bu Tan, Executive Chairman of Cadence Design Systems and Chairman of Walden International, to Receive Semiconductor Industry's Top Honor |url=https://www.semiconductors.org/lip-bu-tan-executive-chairman-of-cadence-design-systems-and-chairman-of-walden-international-to-receive-semiconductor-industrys-top-honor/ |url-status=live |archive-url=https://web.archive.org/web/20220802143237/https://www.semiconductors.org/lip-bu-tan-executive-chairman-of-cadence-design-systems-and-chairman-of-walden-international-to-receive-semiconductor-industrys-top-honor/ |archive-date=August 2, 2022 |access-date=August 2, 2022 |website=Semiconductor Industry Association}}