Hot News-3/13/25

Intel Bets on Lip-Bu Tan to Reclaim Its Leadership

Source The New York Times

Intel has appointed Lip-Bu Tan as its new CEO in a bid to restore its position in the semiconductor industry.

The company, which has lost ground in innovation and key markets such as AI and smartphones, faces significant financial and structural challenges.

Tan, a seasoned technology investor, must now shape Intel’s future while the US government closely monitors its progress after granting $8.5 billion in subsidies. The announcement led to an 11% rise in the company’s share price.

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