Reported about 9 hours ago
Intel has announced Lip-Bu Tan as its new CEO, resulting in an 11% increase in share prices. Tan, a veteran in the chip industry, previously led Cadence Design Systems and has served on Intel's board. His appointment comes during a challenging period for the company, which faces stiff competition and has seen its revenue decline significantly. Tan expressed his commitment to transforming the business and enhancing value for shareholders.
Source: YAHOO