Important personnel changes, current Cadence Executive Chairman Chen Liwu will join Intel Board of Directors

On August 11, local time, Intel announced that Chen Liwu, current executive chairman of Cadence, will join Intel's board of directors, which will take effect from September 1, 2022, and will mainly participate in the work of the M & A committee.

"Chen Liwu is a respected global leader in the semiconductor industry and we are pleased to welcome him to Intel's board of directors," said Omar Ishrak, chairman of Intel's board of directors. "his expertise in software, semiconductors and venture capital, deep ecosystem relationships and important board experience of listed companies will give Intel's board more valuable perspective."

It is reported that Chen Liwu, 62, has been the executive chairman of Cadence since 2021 and a member of its board of directors since 2004. He was CEO of Cadence from 2009 to 2021 and president from 2009 to 2017.

"Intel is an iconic company with a long history, and I am honored to join its board. Under the leadership of Pat Gelsinger, Intel is undergoing a huge transformation to meet the great opportunities in the future, and I look forward to being part of this exciting journey," Chen said.