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 succession of CEOs.
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.
Intel’s new CEO brings ‘immediate credibility’ on Wall Street but warns employees of more ‘hard decisions’
“We believe (Intel) has a greater opportunity to restructure/turn things around under his leadership,” Bank of America’s Vivek Arya told clients in a note Thursday. Arya raised his rating on Intel’s stock to “neutral” from “underperform,” saying Tan brings deep expertise and connections throughout the interconnected semiconductor marketplace.
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.
Why Wall Street is cheering on Intel's new CEO pick
Intel’s incoming Malaysian-born CEO is the latest Fortune 500 semiconductor exec to hail from Asia. Spending bill to avert shutdown successfully beats filibuster with hours until deadline Read Message In A Bottle Found By Archeologists At Ancient Viking Site Musk visits National Security Agency after urging ‘overhaul’ of U.
Intel’s New Boss Gets a Warm But Guarded Welcome: Heard on the Street
Wall Street is cheering Intel’s choice of new chief executive. If history is any guide, the honeymoon will be brief. Intel’s shares jumped 16% early Thursday following the appointment of Lip-Bu Tan. T
Intel's new CEO warns employees about 'tough decisions', but Wall Street cheers
Wall Street analysts see Lip-Bu Tan's appointment as Intel's CEO as good news, but Intel employees are preparing for a major overhaul.
Intel’s New CEO Thrills Wall Street. There’s Still a Lot of Work Ahead.
Intel’s foundry made $17.5 billion in revenue in 2024, a 7% drop from the previous year, while losing $13.4 billion.
Top 5G Stocks To Add to Your Watchlist – March 13th
Super Micro Computer, Cisco Systems, QUALCOMM, Cadence Design Systems, and Fortinet are the five 5G stocks to watch today, ...
Intel gets a new CEO, investors start to doubt AI will pay off — but agents are on fire
Intel finally got a new CEO this week: Lip-Bu Tan, a former board member and longtime CEO of chipmaking software veteran ...
Cadence Design Systems Inc. stock outperforms competitors on strong trading day
This was the stock's second consecutive day of gains.
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 ...
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 ...
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 ...
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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 ...
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 ...