💨 Abstract

Intel appointed former board member and chip industry veteran Lip-Bu Tan as its CEO, signaling no plans to split up its chip-design and manufacturing operations. Tan, a former CEO of Cadence Design Systems, was approached by Intel's board in December to gauge his interest in the job. Intel shares surged 12% in extended trading on the news.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖