💨 Abstract

Intel's shares surged 12% after announcing former board member Lip-Bu Tan as CEO, who left due to differences over the company's direction. Tan, known for his deep relationships in the chip ecosystem, is tasked with reviving Intel's fortunes, which have suffered from market underperformance and billions spent on its chip-making business. Tan's appointment follows the ousting of CEO Pat Gelsinger.

Courtesy: theprint.in

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