Intel jumps 12% as investors cheer appointment of new CEO Tan
By Aditya Soni (Reuters) -Shares of Intel surged 12% on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker's direction,
Intel appoints new CEO who expresses faith in its manufacturing future
The interim leaders "brought the discipline and focus needed to improve our execution, stabilize our performance and position our company for the future," Intel Chairman Frank Yeary said in a public message to Intel employees. "The business is in a better position today than it was three months ago."
New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off
After a little over three months, Intel has a new CEO to replace ousted former CEO Pat Gelsinger. Intel's board announced that Lip-Bu Tan will begin as Intel CEO on March 18, taking over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus.
Intel Names Lip-Bu Tan Its New CEO, Sending the Chipmaker's Stock Soaring
Key Takeaways Intel named Lip-Bu Tan its new CEO, effective March 18. Tan is the former CEO of Cadence Design Systems, a semiconductor software company that has partnered with Intel.The chipmaker had been searching for a permanent CEO since Pat Gelsinger's retirement late last year.
Investors, observers react to new Intel CEO Lip-Bu Tan
Incoming Intel CEO Lip-Bu Tan faces the challenge of turning around the chipmaker, which employs 20,000 workers in the Portland area.
Intel appoints Lip-Bu Tan as new CEO, stock up 12%
Intel said on Wednesday that Lip-Bu Tan is taking over as CEO, three months after Pat Gelsinger resigned from the post.
Intel Stock Jumps 12% as Lip-Bu Tan Named CEO, Replacing Ousted Pat Gelsinger
Intel has appointed Lip-Bu Tan as its CEO. The American chipmaker was without a chief executive for three months after Pat Gelsinger was ousted in
Intel bets new CEO can achieve what Pat Gelsinger failed
Long-time Intel executive Pat Gelsinger resigned in December of 2024. Intel was once the world’s largest producer of computer ...
Intel’s New CEO Promises ‘The New Intel’ Will Be Better Than the Old One
Intel has a new boss. The new chief executive officer is Lip-Bu Tan, a former Intel board of directors member and chip ...
Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a ...
Wall Street says new Intel CEO Lip-Bu Tan is the chipmaker's only shot
Shares of the beat-up chipmaker rose 12% in premarket trading on Thursday as Intel announced Lip-Bu Tan as its permanent CEO.
Intel’s new CEO brings ‘immediate credibility’ on Wall Street but warns employees of more ‘hard decisions’
“We believe (Intel) has a greater opportunity to restructure/turn things around under his leadership,” Bank of America’s ...
Intel pops 13% as chipmaker taps new CEO, Wall Street backs turnaround effort
Intel shares popped more than 11% after announcing Lip-Bu Tan as its new CEO and Wall Street cheered the chipmaker’s attempt ...
Intel jumps 10% as incoming CEO Tan brings 'instant credibility' to turnaround efforts
"Tan in as CEO at Intel was as good as stakeholders could have hoped for," said TD Cowen analysts, noting that he has "deep ...
As Intel welcomes a new CEO, a look at where the company stands
When Pat Gelsinger tool the helm at Intel in 2021, the company was already in rough shape. Here's what Intel's new CEO is ...