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 walking into.
Intel appoints Lip-Bu Tan as CEO
Intel Corp. has appointed Lip-Bu Tan as CEO of the company. He follows the retirement of Pat Gelsinger from the company in December.
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 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."
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. Tan was the longtime CEO of Cadence Design Systems (CDNS) from 2009 to 2021.
Intel shares jump 16% on new CEO Lip-Bu Tan appointment
Intel stock jumped more than 16% after announcing that tech executive and former board member Lip-Bu Tan will be the company’s new CEO.
Intel Jumps 10% as Incoming CEO Tan Brings 'Instant Credibility' to Turnaround Efforts
The stock jumped 10% in premarket trading, a day after the 65-year-old industry veteran was tasked with steering the company, which has missed out on the artificial intelligence-driven semiconductor boom and has been plowing billions of dollars into building out its chip-making business.
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 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'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.
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
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'Disrupt and Leapfrog': Intel's New CEO Charts a (Risky) Comeback Strategy
Intel's new CEO, Lip-Bu Tan, indicates he wants the company to remain in the expensive foundry business, rather than spin it ...
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 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 ...
Turnaround plans: Is help on the way for an Intel comeback?
Intel (NASDAQ:INTC) has been missing a permanent CEO following the abrupt departure of Pat Gelsinger in December, but there is now a new set of hands to steer the ship. Lip-Bu Tan has been appointed ...
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Intel has a new CEO
Intel has appointed a new CEO, three months after former CEO Pat Gelsinger was pushed out of the company. The company’s new ...