Intel appoints Paul Otellini as CEO, marking the first time a Chinese-American has led the company.

Intel Corporation announced that Chen Lihui will take office as CEO on March 18, marking a historic milestone as the first Chinese CEO in the company's history.

On March 12, in San Jose, California, Intel Corporation announced the appointment of Chen Lihui, a senior technology leader, as CEO, effective March 18. Chen Lihui will succeed the interim co-CEOs David Zaslav and Michelle Johnston-Hofz, with Zaslav continuing as executive vice president and CFO, and Johnston-Hofz continuing to lead Intel's product business.

Chen Lihui is the first Chinese CEO in Intel's history. He previously served as CEO of Cadence Design Systems, a leading EDA company, and is known as the "father of chip venture capital" in the chip venture capital field.

Intel appoints new CEO Chen Lihui Source: Intel's website

Chen Lihui, with more than 20 years of experience in the semiconductor and software industry, is seen as a key step for Intel to accelerate its profitability and seize future growth opportunities. Chen Lihui said he would work to make Intel an engineering-focused company, develop the best products, and build customer trust. He served as a former director of SMIC and has a deep understanding and affection for the Chinese semiconductor industry.