Intel names ex-board member Lip-Bu Tan as CEO – Business News
Struggling chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO efficient March 18, more than two months after the it ousted company veteran Pat Gelsinger.
Tan, a well-respected semiconductor industry veteran, has long been seen as a CEO contender. He was approached by Intel’s board in December, Reuters had reported, to gauge his curiosity in taking up the job.
Lip-Bu Tan, a well-respected semiconductor industry veteran, has long been seen as a CEO contender. AFP through Getty Images
Intel shares have been up 11% after hours. REUTERS
Shares of the company rose 11% in prolonged trading.
