Intel appoints Lip-Bu Tan as CEO, shares surge 11%
Intel (Nasdaq: INTC) has named Lip-Bu Tan as its new Chief Executive Officer, effective 18 March, marking a leadership shift for the semiconductor giant as it seeks to regain market momentum. The announcement led to an 11% jump in Intel’s stock price in extended trading.
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Intel stock jumped more than 16% after announcing that tech executive and former board member Lip-Bu Tan will be the ...
The chip giant must try to maintain x86 dominance while adapting to AI-driven computing and emerging architectures.
Intel’s foundry made $17.5 billion in revenue in 2024, a 7% drop from the previous year, while losing $13.4 billion.
Stocks fell premarket as President Donald Trump escalated the trade war by vowing to impose 200% tariffs on wine and other ...
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