Intel's new CEO: Chip world veteran Lip-Bu Tan
Intel has tapped former Cadence CEO and Intel board member Lip-Bu Tan to lead the embattled x86 chipmaker as it struggles to overcome mounting losses stemming from its foundry business. The announcement, made Wednesday afternoon, comes just over three months after Pat Gelsinger was abruptly dumped as chief exec with no succession plan to speak of.
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 Names a New CEO, Ending Leadership Uncertainty
Intel has appointed Lip-Bu Tan as its new Chief Executive Officer, ending a three-month leadership gap following the departure of Pat Gelsinger. Tan will
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 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."
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 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.
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 jumps nearly 15% as investors cheer appointment of new CEO Tan
"Tan in as CEO at Intel was as good as stakeholders could have hoped for," said TD Cowen analysts, noting that he has "deep relationships" across the chip ecosystem that could draw customers to the company's contract manufacturing business.
Intel jumps 12% as investors cheer appointment of new CEO Tan
Shares of Intel surged 12 per cent 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 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.
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 ...
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 ...
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 ...