Intel shares jumped more than 10% after the U.S.’s most prominent chipmaker appointed Lip-Bu Tan as its new boss.
Tan is an industry veteran, having served as CEO of Cadence Design Systems, the chip design software powerhouse, for more than a decade.
He has a big job ahead of him when he takes over the ailing semiconductor giant on March 18. Tan will need to turn around the fortunes of a company that may need a “radical shake-up.”
Intel’s shares have lost over half their…
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https://finance.yahoo.com/news/intel-incoming-malaysian-born-ceo-092644892.html
