Intel shares jumped 10% in early trading after the appointment of Lip-Bu-Tan as the new CEO-the man who had left the board for not being overwhelmed by the company's direction!
Investors are optimistic that Tan is able to attract new customers and change Intel's fate, but the challenge is not small.
With stocks of 60% over the past five years, market value is below $ 100 billion, and competitors like TSMC and Broadcom are watching their weaknesses, Tan needs more than just an old strategy or himself to be oil?
Famous semiconductor industry analyst Stacy Rasgon said that Tan's experience in the board had previously gave him the advantage as he already understood the company's internal weaknesses, making it more realistic in driving Intel than his previous leadership.
However, Tan itself gives the imagination that recovery will take years.
Will Tan be able to change the fate of Intel, or is he just the last winner before the ship sink?
