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flag Veteran semiconductor executive Lip-Bu Tan named Intel's new CEO amid competitive pressures.

flag Intel has appointed Lip-Bu Tan, a veteran of the semiconductor industry and former CEO of Cadence Design Systems, as its new CEO. flag Tan, who will start on March 18, is seen as a stabilizing force as Intel faces challenges in competing with rivals like Nvidia in mobile computing and AI technologies. flag Intel's stock rose over 10% following the announcement, reflecting optimism about Tan's leadership.

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