Lip-Bu 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
Tan in 2025
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 a Malaysian-born American business executive who has been chief executive officer (CEO) of Intel since 2025. He is also chairman of Walden International, a venture capital firm; a founding managing partner of Walden Catalyst Ventures and Celesta Capital; and holds numerous board positions. Tan served as CEO of Cadence Design Systems from 2009 to 2021.

Early life

Tan was born November 12, 1959, in Muar, Johor, in the previous Federation of Malaya (now Malaysia) to an ethnic Chinese family in Malaysia.[3][4] His father, Keng Lian Tan, was the chief editor of the Malaysian Chinese-language daily newspaper Nanyang Siang Pau and his mother, Yeok Choong Chew, was a university warden at Nanyang University. He is the youngest of five siblings.

Tan graduated from Nanyang University with a bachelor's degree in physics in 1978.[5] After graduation, Tan moved to the United States and earned a master's degree in nuclear engineering from the Massachusetts Institute of Technology (MIT) in 1981[3] and a Master of Business Administration (MBA) from the University of San Francisco in California.[3][6][7]

More recently, he received honorary degrees from the University of San Francisco in 2022[8][9] and Carnegie Mellon University of Pittsburgh in 2025.

Career

Walden International

Tan was a manager at EDS Nuclear and ECHO Energy and partner at the Walden USA investment fund before founding venture capital (VC) firm[10] Walden International in 1987.[11][7][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."[6]

The company grew from $3 million upon its founding to $5 billion by 2001 by focusing its investments in Asian tech startups. In 2001, Forbes dubbed Tan "the pioneer of Asian VC."[4][13] Tan has focused on global technology investments primarily in semiconductors, artificial intelligence (AI), and software. He has helped to create more than 300 American companies, approximately 50,000 American jobs, and $400 billion in American market capitalization.[14] He worked with 40 American companies through the initial public offering (IPO) on the U.S. stock exchanges (Nasdaq/NYSE). Additionally, Tan assisted 66 companies with a mergers & acquisitions exit.

Cadence Design Systems

In February 2004, the Cadence Design Systems board of directors elected Tan to the board.[15] Tan became interim co-CEO of Cadence in October 2008. The Cadence board formally named Tan president and CEO effective January 2009.[16] Under Tan's leadership, Cadence revenue doubled and generated approximately 4,000% return for shareholders.[17] Tan recruited and trained his successor and stepped down as CEO and became executive chairman in 2021.[18] He later stepped down from the office of chairman of Cadence in 2023.[19]

Intel

In March 2025, Tan was named CEO of Intel, effective from March 18, 2025.[20][21] Tan had been on Intel's board of directors from 2022 to 2024.[22][23]

Board memberships

Academic boards

Tan is currently on the board of UC Berkeley College of Engineering.[24] He also is on the board of trustees of Carnegie Mellon University School of Engineering[25] of which he is a member of the Dean's Advocacy Council, and established the Tan Endowed Graduate Fellowship for the Department of Electrical and Computer Engineering.[26]

Tan is also a trustee at the Fuller Theological Seminary, where he was a founding member of the Insight Council, and received the Imec 2023 Lifetime of Innovation Award[27] for his contributions to the chip industry and the entrepreneurship in the tech industry.

Company boards

Tan is on the boards of Intel,[28] Schneider Electric, and Credo Technology Group. He was on the boards of Hewlett Packard Enterprise, Softbank Capital,[29] Ambarella, Flextronics International, Inphi Corporation, Mindtree, Semiconductor Manufacturing International Corporation, and the United Overseas Bank.[30]

Tan is a member of The Business Council.[31][32] He is also a member of the Committee of 100.[4][30]

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.[33] In June 2024, Tan donated S$3 million[34] to Nanyang Technological University (NTU) to set up a new professorship in artificial intelligence (AI), to attract talent and support the advancement of research and education at NTU's College of Computing and Data Science.

Recognition

In 2017, the analytics firm Relationship Science named Tan to the Most Connected Executives in the Technology Industry list with a perfect "power score" of 100.[35]

In August 2022, Tan received the Robert N. Noyce Award from the Semiconductor Industry Association (SIA), the industry's highest honor.[36]

Tan was honored with the 2025 Phil Kaufman Award for his leadership and impact on the Electronic System Design (ESD) industry.[37]

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.[3] Tan has been an elder at the First Presbyterian Church of Berkeley since the 1990s.[39]

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. ^ 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.
  4. ^ a b c "Lip-Bu Tan". Committee of 100. Archived from the original on December 13, 2024. Retrieved July 8, 2020.
  5. ^ 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.
  6. ^ 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.
  7. ^ a b "Lip-Bu Tan". Walden International. Archived from the original on September 16, 2021. Retrieved August 7, 2025.
  8. ^ "MSN". www.msn.com. Retrieved 2025-09-25.
  9. ^ "Past Recipients | myUSF". myusf.usfca.edu. Retrieved 2025-09-25.
  10. ^ "Lip-Bu Tan - Intel Corporation | LinkedIn". www.linkedin.com. Archived from the original on 2025-08-21. Retrieved 2025-09-25.
  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. ^ Baptista, Eduardo; Nellis, Stephen; Cherney, Max A.; Cherney, Max A. (2025-04-10). "Intel CEO invested in hundreds of Chinese companies, some with military ties". Reuters. Retrieved 2025-09-25.
  15. ^ "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.
  16. ^ Leopold, George (January 8, 2009). "Lip-Bu Tan named Cadence CEO". EE Times. Retrieved July 8, 2020.
  17. ^ 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.
  18. ^ "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.
  19. ^ "Cadence Appoints Mary Louise Krakauer as Chair of the Board" (Press release). San Jose, California: Cadence. May 11, 2023. Retrieved March 13, 2025.
  20. ^ 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.
  21. ^ Berman, Noah; Chen, Eliot (2025-03-21). "Intel's Surprising Savior". The Wire China. Retrieved 2025-08-09.
  22. ^ "Intel Elects Lip-Bu Tan to Its Board of Directors". Intel Corporation. 2022-08-11. Retrieved 2025-09-25.
  23. ^ "Semiconductor veteran Lip-Bu Tan exits Intel's board". Yahoo Finance. Archived from the original on 2025-09-19. Retrieved 2025-09-25.
  24. ^ "Lip-Bu Tan". cdss.berkeley.edu. Retrieved 2025-09-25.
  25. ^ "Voting Trustees | Carnegie Mellon University". www.cmu.edu. 2025-04-22. Retrieved 2025-09-25.
  26. ^ DeFrancesco, Joyce (2019-11-12). "Two Endowed Professorships Support Computer Science and Electrical and Computer Engineering Faculty". Make Possible. Retrieved 2025-09-25.
  27. ^ Davidson, Elijah (2023-04-03). "Fuller Trustee to be Honored with Imec 2023 Lifetime of Innovation Award | Fuller Seminary". Retrieved 2025-09-25.
  28. ^ "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.
  29. ^ "Biography: Lip-Bu Tan | SoftBank Group Corp". SoftBank Group Corp. Archived from the original on 2022-05-21. Retrieved 2025-09-25.
  30. ^ a b "Lip-Bu Tan". Committee of 100. Retrieved 2025-09-25.
  31. ^ "Lip-Bu Tan". Committee of 100. Archived from the original on 2024-12-13. Retrieved 2025-07-11.
  32. ^ "Lip-Bu Tan | CDSS at UC Berkeley". cdss.berkeley.edu. Retrieved 2025-07-11.
  33. ^ Torrance, Luke (November 13, 2019). "Carnegie Mellon receives $6M for two computer-related professorships". Pittsburgh Business Times. Retrieved July 8, 2020.
  34. ^ "S$3 million gift from venture capitalist to support alma mater's first AI professorship". Corporate NTU. Retrieved 2025-03-13.
  35. ^ Vlastelica, Ryan (2017-06-01). "These are the most well-connected people in the tech industry". MarketWatch. Retrieved 2017-06-13.
  36. ^ "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.
  37. ^ "Lip-Bu Tan to be Honored With 2025 Phil Kaufman Award | SEMI". www.semi.org. 2025-08-25. Retrieved 2025-09-25.
  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.
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