Long-time Intel executive Pat Gelsinger resigned in December of 2024. Intel was once the world’s largest producer of computer chips with its technology used in almost every PC on the market. However,

The new CEO at chip stock Intel (INTC) is starting to look like a “be careful what you wish for” proposition, as Lip-Bu Tan is already calling

Intel's recent rally has stalled amid the broader market decline and questions over its longer-term turnaround.

Intel’s stock climbed over 1% in pre-market trading Friday, extending Thursday’s near-15% rally after the company named Lip-Bu Tan its new CEO. The appointment ends over three months of leadership uncertainty following Pat Gelsinger’s forced retirement in December.

Intel finally got a new CEO this week: Lip-Bu Tan, a former board member and longtime CEO of chipmaking software veteran Cadence Design Systems.

Incoming Intel CEO Lip-Bu Tan faces the challenge of turning around the chipmaker, which employs 20,000 workers in the Portland area.

Shares of Intel closed 14% higher on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker's direction, after several years of market underperformance.