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Intel names Lip-Bu Tan as CEO, boosting stock as he's seen to revitalize the company.
Intel appointed semiconductor veteran Lip-Bu Tan as its new CEO, replacing interim co-CEOs.
Tan, formerly CEO of Cadence Design Systems, is seen as a key figure to help Intel turn around its struggling business and compete with rivals like Nvidia and AMD.
Intel's stock rose over 10% on the news, indicating investor optimism about Tan's leadership.
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Intel nombra a Lip-Bu Tan como CEO, impulsando las acciones, ya que se ha visto que revitaliza la compañía.