Intel appoints new CEO as it struggles to regain ground in AI and semiconductor market [Wealth Professional (Canada)]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Wealth Professional
Intel has appointed Lip-Bu Tan as its new chief executive officer, marking a leadership shift as the US chipmaker faces pressure to recover from financial struggles and competition in the artificial intelligence sector. According to CNBC, the company announced the decision on Wednesday, and its stock rose 12 percent in extended trading. Tan, the former CEO of Cadence Design Systems, brings extensive experience in the semiconductor industry. He previously served on Intel's board before stepping down in August 2024 due to other commitments. His appointment follows a period of interim leadership under co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus, who took over in December after Intel removed Pat Gelsinger from the role. Tan
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News
- Intel appoints CEO, aims for a return to growth [Yahoo! Finance]Yahoo! Finance
- Why Intel's New CEO Has Wall Street Excited [Yahoo! Finance]Yahoo! Finance
- Why Intel Stock Is Skyrocketing Today [Yahoo! Finance]Yahoo! Finance
- Intel's New Boss Gets a Warm But Guarded Welcome [Yahoo! Finance]Yahoo! Finance
- Intel appoints Lip-Bu Tan as CEO, stock surges [Yahoo! Finance Canada]Yahoo! Finance Canada
CDNS
Earnings
- 2/18/25 - Beat
CDNS
Sec Filings
- 3/11/25 - Form 4
- 3/5/25 - Form 4
- 3/3/25 - Form 144
- CDNS's page on the SEC website