Intel Stock Surges 10% After Naming Lip-Bu Tan as CEO
Intel (NASDAQ: INTC) shares jumped 10% in after-hours trading following the appointment of Lip-Bu Tan as the company’s new permanent CEO. Tan, the former CEO of Cadence Design Systems, brings extensive experience in semiconductor technology, having led a company that provides critical design software used by major chipmakers, including Intel. He previously served on Intel’s…