Regarding this appointment, Intel's Executive Chairman, Yelí, stated, "Lip-Bu Tan is an outstanding leader. His expertise in the technology industry, deep connections with product and foundry ecosystems, and proven track record of creating shareholder value are exactly what Intel needs in its next CEO. Throughout his long and distinguished career, he has earned a reputation as an innovator who places customers at the heart of everything he does, delivering differentiated solutions to win in the market and building a high-performance culture to achieve success. Like many in the industry, I have worked closely with Lip-Bu Tan in the past and have witnessed firsthand how his relentless focus on customers drives innovation and success. We are thrilled to have Lip-Bu Tan as our CEO as we work to accelerate our transformation and seize the tremendous growth opportunities ahead."

Lip-Bu Tan commented, "I am honored to join Intel as CEO. I have immense respect and admiration for this iconic company, and I see significant opportunities to reshape the business to better serve customers and create value for shareholders. Intel has a strong and differentiated computing platform, a vast customer base, and powerful manufacturing capabilities that will only grow stronger as we rebuild our process technology roadmap. I am eager to join the company and build on the work of the entire Intel team to prepare our business for the future."

In an internal letter to all employees, Lip-Bu Tan stated, "Under my leadership, Intel will become an engineering-focused company. We will strive to develop the best products, listen carefully to our customers, and fulfill the commitments we make to build trust." He added, "We cannot take anything for granted. We will regularly conduct in-depth reviews to assess our progress. In areas where we have momentum, we need to double down and expand our advantages. In areas where we lag behind competitors, we need to take calculated risks to break through and surpass them. In areas where our progress is slower than expected, we need to find new ways to accelerate our pace."