Struggling U.S. chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18.

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By Aditya Soni (Reuters) -Shares of Intel closed 14% higher on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about ...

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Tan is also scheduled to join the board of directors from August. As Intel’s new chief, Tan inherited a company once at the top in the computer component manufacturing sector, however as rivals like ...

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