Intel Chairman Frank Yeary retires, Craig Barrat to become the new chairman of the Board of Directors

Intel's Board of Directors has elected Dr. Craig H. Barratt as the new independent chairman, succeeding Frank D. Yeary, who is retiring after 17 years. Barratt, known for his experience in semiconductor and networking silicon, aims to position Intel as an integrated devices manufacturer with a focus on rigorous execution. With a background spanning major tech companies like Qualcomm and Google, Barratt brings expertise in leading engineering-centric organizations. Yeary expressed confidence in Intel's progress and leadership transition, citing the company's advancements in technology and product roadmap under Lip-Bu.