Reported about 19 hours ago
Intel's stock surged 10% following the appointment of Lip-Bu Tan as CEO, who is expected to revive the company's declining fortunes after years of underperformance and losses in the semiconductor market. Analysts view Tan's deep industry relationships and previous board experience as assets in addressing challenges and potentially attracting customers to Intel's contract manufacturing business. Despite the optimism, a significant turnaround may take years, as Intel's market value struggles to exceed $100 billion.
Source: YAHOO