Three months after Intel summarily ousted its previous CEO, America’s ailing chip giant has a new boss: Lip-Bu Tan.
The news cheered investors, who bid Intel’s shares up more than 10% in after hours trading on Wednesday. By all measures, Tan is an impressive and eminently qualified choice for the job. A semiconductor industry veteran who served as CEO of chip design software powerhouse Cadence Design Systems for more than a decade, Tan possesses the rare combination of skills and experience to lead an organization as large, complex, and unique as Intel.
