Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
1. Intel appoints Lip-Bu Tan as new CEO amid turnaround efforts. 2. The company's share price has dropped 54% over the past year. 3. Intel received $8.5 billion under the CHIPS Act for manufacturing plants. 4. Challenges raise doubts about Intel's ability to complete projects. 5. Calls for splitting design and manufacturing functions have intensified.