After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence.
But after forging ties to the world’s biggest tech titans — and winning over US President Donald Trump — Tan is kicking off year two on a decidedly higher note. Apple Inc. and Tesla Inc. are showing interest in the company’s manufacturing. The processors it makes are back in demand, and budding optimism that Intel will finally start to benefit from the AI boom has sent its stock to a record.
