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Benzinga
  • 7 months ago
Intel appointed Lip-Bu Tan as its new CEO, according to CNBC. Tan is the former CEO of Cadence Design Systems and an ex-Intel board member.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel appointed Lipu Todd as its new CEO according to CNBC.
00:05Todd is the former CEO of Canyon Design Systems and an ex-Intel board member.
00:09The appointment marks the end of a turbulent period as investors push for cost cuts
00:13and business spinoffs amid declining sales and struggles in the AI market.
00:17Intel shares surged 12% in extended trading following the announcement.
00:21For all things money, visit Benzinga.com slash GSTV.
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