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Stock impact report

Intel Gets the Outsider CEO It Desperately Needs [Yahoo! Finance]

Cadence Design Systems, Inc. (CDNS) 
Last cadence design systems, inc. earnings: 4/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Tan led Cadence Design Systems , a provider of software for designing semiconductor chips , for more than a decade. He also served on Intel's board of directors during Gelsinger's tenure, resigning due to reported disagreements with the company's strategy. Under Gelsinger, Intel invested heavily in manufacturing in an attempt to build its own foundry business. Based on the press release announcing the leadership change, Tan appears committed to this strategy: "The board is confident that under Lip-Bu's leadership, we will take the steps needed to deliver for our customers as a world-class products company and as a world-class foundry." While Intel's big-picture strategy may remain intact, Tan will likely make some much-needed changes to the company's culture. Focusing on customers There was a time not long ago when Intel was so overwhelmingly dominant in its core central processing unit (CPU) markets that it didn't need to listen to customers. Back in 2015, Intel controlled mo Show less Read more
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