INTC stock price surges over 15%: Could new Intel CEO Lip-Bu Tan turn the struggling chipmaker’s fortunes?
Tan will have his work cut out for him, as Intel has lost much of its market share after missing the AI boom. Shares of Intel Corporation (NASDAQ:INTC) surged more than 15% on Thursday as Wall Street welcomed the chipmaker’s appointment Wednesday of new CEO Lip-Bu Tan,
Intel hires new CEO in struggling chipmaker’s latest comeback attempt
Intel’s previous CEO, Pat Gelsinger, abruptly retired last year amid a deepening downturn that triggered massive layoffs.
Intel Names Lip-Bu Tan Its New CEO, Sending the Chipmaker's Stock Soaring
Intel ( INTC) named Lip-Bu Tan its new CEO, sending the chipmaker's stock higher in after-hours trading Wednesday. Tan, who is set to take the helm of Intel as of next Tuesday, is the former CEO of Cadence Design Systems ( CDNS ), a semiconductor software company that counts Intel among its partners.
Intel names new CEO to help reverse chipmaker’s struggles
The appointment of Lip-Bu Tan, 65, a prominent tech leader, follows a tumultuous period for the semiconductor giant that saw declining revenue and share prices.
Intel appoints Lip-Bu Tan as CEO to orchestrate turnaround at struggling chipmaker, stock jumps 12%
Intel said on Wednesday that Lip-Bu Tan is taking over as CEO, three months after Pat Gelsinger resigned from the post.
Intel names new CEO to lead the struggling chipmaker’s turnaround effort
Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals.
Intel Rallies After Naming Chip Veteran Lip-Bu Tan as CEO
Shares of Intel Corp. jumped 15% after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
Intel's new CEO tasked with turning around chip giant
Intel on Wednesday announced a new CEO, Lip-Bu Tan, will be taking the helm of the chipmaker. He is slated to assume the top job at Intel on Tuesday.
This Top Chipmaker Stock Has Rallied More Than 200% in 5 Years, and It Still Looks Like a Cheap Buy
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A C-suite long in the making at Intel (INTC). Shares of the beat-up chipmaker rose 12% in premarket trading on Thursday as Intel announced Lip-Bu Tan as its permanent CEO. Tan was the longtime CEO ...