Intel pops 13% as chipmaker taps new CEO, Wall Street backs turnaround effort

1. Intel's stock surged 13% after appointing Lip-Bu Tan as CEO. 2. Tan previously led Cadence Design Systems and has strong semiconductor experience. 3. Wall Street analysts view Tan's appointment positively for Intel's recovery. 4. Intel's market struggles make it a potential takeover target. 5. The company has lost significant value but remains optimistic under new leadership.