Intel shares surged Thursday after the struggling chipmaker named Lip-Bu Tan its new CEO, raising hopes for a turnaround.

Intel’s foundry made $17.5 billion in revenue in 2024, a 7% drop from the previous year, while losing $13.4 billion.

Intel's (INTC) decision to name Lip-Bu Tan as its new Chief Executive Officer has encouraged many on Wall Street, even if ...

Intel shares popped more than 11% after announcing Lip-Bu Tan as its new CEO and Wall Street cheered the chipmaker’s attempt ...