US EditionIntel appoints Lip-Bu Tan as new CEO, stock up 11%
- Intel appointed Lip-Bu Tan as its new CEO, effective next week, to help revitalize the company.
- Tan previously served as CEO of Cadence Design Systems, where he doubled its revenue and significantly increased the company's stock value.
- Tan expressed his commitment to improving Intel's offerings and rebuilding trust with customers and shareholders.
- Analysts highlight Tan's extensive industry connections and experience as critical for Intel's turnaround in a competitive market against rivals like Nvidia and Taiwan Semiconductor Manufacturing Co.
211 Articles
211 Articles
Intel's new CEO tasked with turning around chip giant
Intel on Wednesday announced a new CEO will be taking the helm of the chipmaker. When incoming CEO Lip-Bu Tan assumes the position at Intel next week, he will have the job of revitalizing the company and making it more competitive."I am honored to join Intel as CEO," he said in a statement. "I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customer…
Who Is Lip-Bu Tan, Intel’s New Turnaround CEO?
Intel’s stock is soaring after Lip-Bu Tan, a respected veteran in the semiconductor industry, was chosen as its new CEO. The appointment comes three months after the chipmaker, which falling behind in the A.I. race pushed out former head Pat Gelsinger. “I am honored to join Intel as CEO,” said Tan, 65, in a statement. “I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in …
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