Wall Street says new Intel CEO Lip-Bu Tan is the chipmaker's only shot
Shares of the beat-up chipmaker rose 12% in premarket trading on Thursday as Intel announced Lip-Bu Tan as its permanent CEO. Tan was the longtime CEO of Cadence Design Systems (CDNS) from 2009 to 2021.
Who is Intel’s New CEO? 5 Key Things to Know About Lip-Bu Tan
Together, we will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” Tan said in a letter to Intel employees on Wednesday.
Intel Names Lip-Bu Tan Its New CEO, Sending the Chipmaker's Stock Soaring
Intel ( INTC) named Lip-Bu Tan its new CEO, sending the chipmaker's stock higher in after-hours trading Wednesday. Tan, who is set to take the helm of Intel as of next Tuesday, is the former CEO of Cadence Design Systems ( CDNS ), a semiconductor software company that counts Intel among its partners.
Intel found someone brave enough to be its new CEO—but is Lip-Bu Tan a change maker or more of the same?
Tan is the Goldilocks CEO pick. He checks all the boxes to make everyone happy. Whether that’s what Intel actually needs is the question.
Intel Appoints Semiconductor Industry Veteran Lip-Bu Tan as New CEO
Intel (INTC) shares jumped early Thursday as the chip giant appointed semiconductor industry veteran Lip-Bu Tan as its new chief executive, effective March 18. Tan, who previously served as CEO of computational software company Cadence Design Systems (CDNS),
Intel Stock Pops Aftermarket On New CEO Appointment: Retail Turns Bullish
Shares of Intel Corp. (INTC) surged by more than 10% in Wednesday’s after-hours trading session as the company appointed a new CEO, lifting retail sentiment. Lip-Bu Tan, former CEO of Cadence Design Systems,
Cadence Design Systems Inc. stock underperforms Friday when compared to competitors despite daily gains
This was the stock's fourth consecutive day of gains.
Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a ...
Intel’s New Boss Gets a Warm But Guarded Welcome
Wall Street is cheering Intel’s choice of new chief executive. If history is any guide, the honeymoon will be brief. Intel’s ...
Cadence Design Systems Inc. stock outperforms competitors on strong trading day
This was the stock's second consecutive day of gains.
Cadence Design Systems, Inc. (CDNS): Among The Stocks With At Least $20 Million In Insider Sales Recently
In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against the other ...
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'Disrupt and Leapfrog': Intel's New CEO Charts a (Risky) Comeback Strategy
Intel's new CEO, Lip-Bu Tan, indicates he wants the company to remain in the expensive foundry business, rather than spin it ...
Why Intel’s New CEO Has Wall Street Excited
Intel shares surged Thursday after the struggling chipmaker named Lip-Bu Tan its new CEO, raising hopes for a turnaround.
5G Stocks To Research – March 12th
Super Micro Computer, Cisco Systems, QUALCOMM, Teradyne, Cadence Design Systems, Fortinet, and Monolithic Power Systems are the seven 5G stocks to watch today, according to MarketBeat’s stock screener ...
Cadence Design may be favored by Intel’s new CEO, says Loop Capital
Loop Capital notes that Intel’s (INTC) appointment of Lip-Bu Tan as CEO – the former CEO of Cadence Design (CDNS), where he turned the company ...