The processor manufacturer Intel's share is rising sharply – over 10 percent – on the New York stock exchange's after-hours trading since the company's new CEO was presented.
The board has chosen Lip-Bu Tan to succeed David Zinsner and Michelle Johnston Holthaus, who took over after Pat Gelsinger was forced to resign in December after the board lost confidence in him. Lip-Bu Tan will take office next week.
In a press release, the company writes that Lip-Bu Tan has extensive experience in the semiconductor industry.
Lip-Bu Tan left Intel's board as recently as last August.
