Intel has finally found its new CEO after a long search — 65-year-old Lip-Bu Tan. The announcement was met with enthusiasm from investors, with Intel’s shares rising more than 15 percent. Tan, a Malaysian-born, Singapore-raised naturalized American, brings a wealth of experience in the semiconductor industry. He will officially take on the CEO role on March 18, replacing interim co-CEOs David Zinsner and Michelle Johnston Holthaus.
Tan previously served as the CEO of Cadence Design Systems, where he demonstrated strong leadership skills that led to the company’s success. However, the challenge now lies in his ability to guide Intel through its current struggles, facing tough competition from industry giants like Nvidia and AMD. Tan acknowledged the difficulty of the task ahead but emphasized the importance of humility, hard work, and customer satisfaction as guiding principles.
On the other hand, employees at various companies may not be too thrilled about their pay prospects. According to the Deloitte India Talent Outlook 2025, companies are looking to optimize their compensation budgets, with projected pay increases for 2025 averaging 8.8 percent, a slight dip from the previous year. The survey indicates that 75 percent of companies are either reducing or maintaining their pay raise levels. Additionally, top performers can expect only moderately higher increments compared to average performers, with promotion-linked pay hikes remaining stagnant for most companies.
Prakhar Tripathi, Partner at Deloitte India, noted that companies are facing pressure on compensation budgets amid muted revenue growth. Despite the challenging environment, companies will strive to retain top talent while keeping a close eye on cost management.
