Here's an article published by NeuromorphicCore.ai, which is
a niche, community-driven news/insights site focused on neuromorphic computing and related fields. It offers articles and technical overviews, sometimes written by enthusiasts or aggregated from across the space.
The article was published back in March. It appears to be largely speculative in relation to Intel’s alleged pivot back to neuromorphic computing since it is not backed by direct quotes or roadmaps from Intel but time will tell whether this reasoned hypothesis proves to be accurate.
Intel’s New CEO Lip-Bu Tan: A Neuromorphic Future Fueled by His Cadence Turnaround and a $25 Million Stock Bet
NeuromorphicCoreMarch 18, 2025
0 Comments
On March 12, 2025, Intel Corporation (INTC) named Lip-Bu Tan as its new Chief Executive Officer, effective March 18, ushering in a critical juncture for the embattled chipmaker. Tan, a semiconductor luminary with an unmatched legacy at Cadence Design Systems (CDNS) from 2009 to 2021, recently underscored his commitment by purchasing $25 million in Intel stock. His expertise and bold vision, paired with Intel’s pioneering work in neuromorphic computing—embodied in Loihi 2, the Lava software framework, and the Hala Point system—could position the company to leapfrog competitors in the AI era.
A Proven Turnaround Artist from Cadence: The Proof is in the Pudding
In 2009, Lip-Bu Tan took the helm of Cadence Design Systems, then a struggling player in the electronic design automation (EDA) market. Over the next 12 years, he orchestrated a remarkable turnaround by enhancing shareholder returns, doubling top-line growth and driving a 3,200% increase in the company’s stock price. This is similar to the turnaround led by Lisa Su at Advanced Micro Devices (AMD). His approach was multifaceted. This included a relentless focus on customer-driven innovation, strategic partnerships with industry giants like Taiwan Semiconductor Manufacturing Company (TSMC), and a keen eye for emerging technological trends. By enhancing Cadence’s tools to meet the demands of cutting-edge chip designs, he positioned the company as an indispensable partner for fabless giants like Apple and Broadcom. T
his proven ability to transform a company through strategic vision and execution could be instrumental in Intel’s resurgence, with neuromorphic computing potentially taking center stage.
Neuromorphic Computing: Loihi 2, Lava, and Hala Point as Tan’s Launchpad
Intel has established a strong foothold in neuromorphic computing, a field that aims to replicate the brain’s neural structure. The Loihi 2 chip, introduced in 2021, marks a significant advancement over its predecessor, providing eight times the neuron capacity, reaching up to one million neurons per chip, and enhanced energy efficiency for real time, brain like processing. Intel’s open source software framework, Lava, complements this hardware by simplifying programming for neuromorphic systems, enabling developers to tackle AI applications such as adaptive robotics and sensory processing.
Intel’s crown jewel is Hala Point, a neuromorphic supercomputer launched in 2024 with 1.15 billion neurons across 1,152 Loihi 2 chips. Hala Point performs 20 quadrillion operations per second, making it the world’s largest system of its kind, designed for sustainable AI and scientific research. These innovations provide Intel a unique advantage in a market dominated by power hungry GPUs, a foundation Tan could use, leveraging his Cadence expertise in advanced design and ecosystem integration.
Tan’s focus at Cadence on supporting complex, Next-generation architectures matches neuromorphic demands to a tee. In contrast to traditional processors, Loihi 2 and Hala Point excel at sparse, event driven computation, reducing energy consumption and enabling dynamic learning, which is ideal for edge AI, autonomous systems, and green computing just to name a few examples. With Lava simplifying development, Tan could accelerate adoption, similar to how he expanded Cadence’s influence through strategic tools and partnerships.
The $25 Million Vote of Confidence
Tan’s 25 million dollar Intel stock purchase within his first 30 days as CEO, coupled with a 66 million dollar compensation package, demonstrates his strong belief in Intel’s potential. For a company that experienced a $19 billion dollar loss in 2024, its first since 1986, this personal investment reflects his Cadence strategy, aligning leadership with results. It also suggests ambitious plans, potentially focused on expanding neuromorphic technologies like Loihi 2 and Hala Point to restore Intel’s position as an innovation leader.
Challenges and Opportunities Ahead
Intel faces challenges, including an AI strategy behind Nvidia, a foundry business behind TSMC, a stock price affected by skepticism, and internal cultural hurdles. However, Tan’s Cadence success, characterized by streamlined operations, minimizing Capital Expenditures (CAPEX), and investment in high growth areas, provides a potential path forward. His 3200% stock price increase at Cadence was not accidental but clearly the result of execution. In addition, his previous Intel board experience until August 2024 gave him insight into the company’s internal issues, which he reportedly addressed. Now as CEO, he is ready to make difficult choices to refocus the company.
Neuromorphic computing could be a vital area for Intel. While Nvidia leads AI with GPUs, Loihi 2’s efficiency and Hala Point’s scale offer a competitive advantage, particularly for energy efficient applications. Lava’s open source model has the potential to build a strong developer ecosystem, much like Cadence’s tools attracted chip designers. Tan’s ties to TSMC and his foundry expertise could also refine Intel’s IDM 2.0 strategy. IDM 2.0 represents Intel’s hybrid manufacturing model, where the company utilizes both its own advanced fabrication facilities and external foundries like TSMC. This approach provides greater manufacturing flexibility and enables Intel to produce a wider range of chips. By leveraging his experience to tailor IDM 2.0 to the unique requirements of neuromorphic computing, Tan could attract AI innovators seeking cutting edge hardware.
The Rising Market for Neuromorphic Computing
The market potential for neuromorphic computing could significantly fuel Tan’s interest. The global neuromorphic computing market is projected to reach $6.7 billion dollars in 2024 and grow to $55.6 billion dollars by 2033, with a compound annual growth rate of 26.4%. Analysts also project the neuromorphic chip market, valued at $0.5 billion dollars in 2023, to reach $10 billion dollars by 2030, with a compound annual growth rate exceeding 50%. This rapid growth is driven by the demand for energy efficient AI in edge devices, autonomous vehicles, and IoT systems, areas where traditional architectures struggle. According to Steve Furber, a key figure in neuromorphic computing and co-designer of the ARM processor, the field is at a “critical juncture” needing a “killer app” to demonstrate its potential. Intel’s early lead with Loihi 2 and Hala Point positions it to capture a significant share, especially if Tan accelerates commercialization. His Cadence experience scaling EDA tools for emerging technologies suggests he could turn this niche into a mainstream revenue driver. Furthermore, Tan’s TSMC relationships and foundry knowledge may also improve Intel’s Integrated Device Manufacturing 2.0 (IDM 2.0) strategy, Intel’s initiative to combine internal manufacturing with external foundry capacity, adapting its manufacturing to the specific needs of neuromorphic technology and attracting AI innovators.
A New Chapter for Intel
Lip Bu Tan’s ascent to Intel’s helm on March 18, 2025, backed by his $25 million dollar stake, signifies a defining moment. His Cadence triumph, turning a $4 stock into a $132 powerhouse for a 3200% gain, highlighted his ability to turn vision into value. Intel’s neuromorphic trio, Loihi 2, Lava, and Hala Point, provides the tools to do it again. As he navigates Intel’s challenges, Tan’s ability for bridging design and deployment could make brain inspired computing the key to Intel’s renaissance, redefining its role in an AI driven world. According to Steve Furber, co designer of the ARM processor, neuromorphic computing is at a critical juncture needing a killer app to demonstrate its potential.
With Tan’s proven track record and Intel’s advanced neuromorphic technologies, the company is well positioned to deliver that application, potentially transforming the landscape of energy efficient AI.
Lip-Bu Tan's appointment as Intel CEO (March 18, 2025), backed by a $25M stock purchase, signals a strategic pivot leveraging Intel's neuromorphic strengths (Loihi 2, Lava, Hala Point). His proven Cadence turnaround expertise aims to position Intel to lead the rapidly growing energy-efficient AI...
neuromorphiccore.ai
www.tataelxsi.com
www.nextplatform.com
newsroom.intel.com
