Intel's latest CEO Lip Bu Tan
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Intel’s new CEO Lip-Bu Tan wasted no time laying out his plans for the semiconductor giant.
From TechCrunch
"Please be brutally honest with us. This is what I expect of you this week, and I believe harsh feedback is most valuable," Tan said.
From Reuters
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16hon MSN
Intel's new CEO said the company had fallen short of expectations recently and asked for customer feedback in his first public appearance since taking over the chip giant.
Lip-Bu Tan wants to turn the fortunes of the chip-making behemoth around, and promises a startup-flavored transformation.
Intel ( INTC -2.91%) stock moved lower on Tuesday. The company's share price closed out the session down 2.9% and had been off as much as 4.9% earlier in trading. Meanwhile, the S&P 500 index ended the day up 0.3%, and the Nasdaq Composite gained 0.8%.
Two weeks is admittedly not a lot of time in a new job. But time isn’t really on Lip-Bu Tan ’s side.
Intel CEO Lip-Bu Tan announced a cultural overhaul aimed at cutting bureaucracy and attracting talent, while signaling support from the Trump administration to help the company strengthen its semiconductor leadership.
We recently published a list of Jim Cramer Says I’m With Trump & Discusses These 12 Stocks. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other stocks that Jim Cramer discusses.
Three Intel board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.