Intel appoints Lip-Bu Tan as CEO, leading to 11% stock increase

From Yahoo Finance: 2025-03-12 17:04:07

Intel has named Lip-Bu Tan as its new CEO, leading to an 11% increase in the company’s stock. Tan, who currently serves as the chairman of the board, will take over from current CEO Pat Gelsinger. The decision comes as Intel looks to strengthen its position in the semiconductor market amidst increasing competition. Tan’s experience in the tech industry is expected to bring fresh perspective and drive growth for the company. Investors have responded positively to the news, with the stock price reflecting confidence in the new leadership.



Read more at Yahoo Finance: Intel appoints Lip-Bu Tan as CEO, stock jumps 11%