https://www.eastbaytimes.com/2025/03/13/intel-shares-jump-after-naming-chip-industry-veteran-tan-ceo/

(Bloomberg) — Shares of Intel Corp. jumped the most in five years after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.

Tan, 65, will assume the role on March 18, the company said in a statement Wednesday. He will rejoin the board as well after stepping down in August 2024.