Intel jumps nearly 15% as investors cheer appointment of new CEO Tan

Share via:


Shares of Intel surged nearly 15% 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.

Tan will be tasked with reviving the company’s fortunes after it missed out on the artificial intelligence-driven semiconductor boom while plowing billions of dollars into building out its chip-making business. Intel has posted several quarters of market share losses in data centers and PCs, as well as…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Intel jumps nearly 15% as investors cheer appointment of new CEO Tan


Shares of Intel surged nearly 15% 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.

Tan will be tasked with reviving the company’s fortunes after it missed out on the artificial intelligence-driven semiconductor boom while plowing billions of dollars into building out its chip-making business. Intel has posted several quarters of market share losses in data centers and PCs, as well as…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Tesla Begins Homologation Process Of Two Electric Car Models

SUMMARY The Indian arm of the EV maker has...

Vermont follows SEC’s lead, drops staking legal action against...

US state Vermont has dropped its “show cause...

JPMorgan engineers’ efficiency jumps as much as 20% from...

Tens of thousands of JPMorgan Chase software engineers...

Popular

Upcoming Events

Apple’s AirPods 4 are down to their lowest price...

Apple’s AirPods 4 are down to the lowest...

3one4 Capital: Venture firm 3one4 Capital returns entire first...

Early-stage venture firm 3one4 Capital, founded by Pranav...

Solana CME futures tip impending US ETF approvals —...

The upcoming launch of Solana (SOL) futures on...
d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa