💨 Abstract

Intel's shares surged 10% as former board member Lip-Bu Tan was appointed as the new CEO, replacing Pat Gelsinger who was ousted in August. Tan, known for deep industry relationships, is tasked with reviving Intel's fortunes after years of market underperformance and missed opportunities in the AI-driven semiconductor boom. Analysts expect Tan to keep chip design and manufacturing operations together and make Intel a top foundry.

Courtesy: theprint.in

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