Reported about 22 hours ago
Intel Corporation has appointed Lip-Bu Tan, a seasoned semiconductor executive, as its new CEO, starting March 18. Tan, who previously served as head of Cadence Design Systems and was a board member of Intel, faces the daunting task of revitalizing the company as it struggles with market-share losses, manufacturing issues, and a decline in earnings. With Intel's stock dropping significantly over the past year, Tan aims to restore the company's competitive edge in the semiconductor market, particularly against rivals like Nvidia and AMD, while also pursuing plans to expand Intel's capabilities as a chip foundry.
Source: YAHOO