Wall Street responded positively to the appointment of Lip-Bu Tan as Intel's new chief executive officer. But Intel stock faces a rocky road ahead.
Lip-Bu Tan is taking over as CEO. Transcript: Caroline Woods: After struggling for years to keep up with its rivals, there may finally be some blue skies ahead for Intel.
Intel shares popped more than 13% after announcing Lip-Bu Tan as its new CEO. Wall Street cheered the chipmaker's attempt to revitalize its business, calling the move a positive for the company.
Kevin Green takes a look at two tech stocks on the move: Intel (INTC) and Microsoft (MSFT). Intel named a new CEO late Thursday.
When investors spot a great company to buy at an even greater price, they should know that a few unexpected things might happen shortly after. If they did, in fact, choose the right investment, they won't be the only ones in the market going after it, which is why there are often sudden announcements around the company that send it rallying out of the blue, but that often feels like a plan beforehand.t
Lip-Bu Tan is seen as a “transformative” leader who will move to cut costs. But both halves of Intel's business both require major fixes.
A veteran of the semiconductor industry, Lip-Bu Tan has an even longer track record as a technology investor, particularly in Chinese companies.
Incoming Intel CEO Lip-Bu Tan brings "instant credibility" that should help restore investor confidence and support the company's efforts to become a major contract chipmaker, Wall Street analysts said on Thursday.
Intel named Lip-Bu Tan as its next chief executive officer. Tan will assume the role on March 18 and will rejoin the board as well after stepping down in August 2024.
In this video, I will cover the recent updates regarding Intel (INTC 4.55%) and why choosing Lip-Bu Tan as new CEO has me excited. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley.
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