On CNBCMay open up an opportunity now.TechIntel appoints Lip-Bu...

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    May open up an opportunity now.

    Tech

    Intel appoints Lip-Bu Tan as CEO to orchestrateturnaround at struggling chipmaker, stock jumps 12%

    Published Wed, Mar 12 20254:21 PM EDTUpdated 39 Min Ago

    KeyPoints

    · Intelsaid on Wednesday that it named Lip-Bu Tan as its new CEO.

    · Tanwas previously the CEO of Cadence Design Systems, which makes software used byall the major chip designers, including Intel.

    · Tan’sappointment comes three months after Pat Gelsinger resigned from the CEO role.

 
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