Intel Corp. on Wednesday named Lip-Bu Tan CEO, giving the beleaguered chip maker’s stock price an immediate boost, with ...
Intel shares surged Thursday after the struggling chipmaker named Lip-Bu Tan its new CEO, raising hopes for a turnaround.
Former board member Lip-Bu Tan is returning to overhaul the chip maker.
Intel lured new CEO Lip-Bu Tan with a package of stock grants and options valued at $66 million, plus $3 million in salary and cash bonuses, the chipmaker reported late Friday. In addition, Tan will ...