Intel's New CEO: Lip-Bu Tan Takes Charge!

In a groundbreaking shift, Intel has appointed Lip-Bu Tan as its new CEO, taking the reins from interim leaders David Zinsner and MJ Holthaus. Tan, formerly CEO of Cadence Design Systems, steps in amid a tumultuous four years under Pat Gelsinger, whose ambitious strategies fell short. Following the announcement, Intel shares skyrocketed by 13%! This marks Intel's fourth CEO in just seven years as they struggle against fierce competition, particularly from Nvidia in the AI sector. With a market cap of $89.5 billion, Intel has some catching up to do with Nvidia's $171 billion. Watch now to dive into the details of this pivotal leadership change!