Intel (INTC) Appoints Lip-Bu Tan as New CEO, Shares Surge 12%

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Intel (INTC) Appoints Lip-Bu Tan as New CEO, Shares Surge 12%

Intel (INTC, Financial) has named Lip-Bu Tan, a seasoned semiconductor expert from Malaysia, as its new CEO. Following this announcement, Intel’s stock soared by 12% in after-hours trading. Tan previously served as CEO of Cadence Design Systems,…

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