Intel has a new CEO! Lip-Bu Tan Aims to Create “The New Intel” With his Team! Stock Rises by Over 10%!
Reading Time: 5 minutes
The search is over. The chip manufacturer Intel (INTC) has finally found a successor for the retired Pat Gelsinger. Effective March 18, 2025, former board member and CEO of Cadence Design Systems (CDNS), Lip-Bu Tan, will take the top position at the struggling semiconductor company. The new CEO has already presented his strategy in an initial press release on how he intends to reposition the company for the future. This news was sufficient to push the stock up more than 10% in after-hours trading. Who is the new CEO Lip-Bu Tan? 65-year-old...
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