Intel Corp. on Wednesday named Lip-Bu Tan CEO, giving the beleaguered chip maker’s stock price an immediate boost, with ...
Struggling U.S. chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18.
Lip-Bu Tan will get a $1 million base annual salary for leading Intel, but his performance-related bonuses are worth so much more than that.
Intel shares surged Thursday after the struggling chipmaker named Lip-Bu Tan its new CEO, raising hopes for a turnaround.