Reported about 12 hours ago
Intel has appointed Lip-Bu Tan as its new CEO, leading to a 10% increase in its stock. Tan, who previously led Cadence Design Systems and was briefly on Intel's board, succeeds interim co-CEOs David Zinsner and Michelle Johnston Holthaus. This leadership change comes amid intensified competition in the semiconductor industry and challenges facing Intel, including a significant decline in share value over the past year.
Source: YAHOO