Struggling U.S. chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18.
Intel’s stock plunged 60% in 2024 and the company ousted its CEO. That has left new CEO Lip-Bu Tan facing significant challenges, including how to fix the chip giant’s business. WSJ explains.
Intel lured new CEO Lip-Bu Tan with a package of stock grants and options valued at $66 million, plus $3 million in salary and cash bonuses, the chipmaker reported late Friday. In addition, Tan will ...
Intel shares are jumping more than 10% as investors welcome the news that Lip-Bu Tan would be the struggling chip giant's [new chief executive]( ...
Former board member Lip-Bu Tan is returning to overhaul the chip maker.
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