Intel's new CEO Lip-Bu Tan prepares for significant changes, including layoffs and overhauls in AI strategy to address a $19 ...

Shares of Intel, Monday's biggest Nasdaq gainer, are extending their increases in premarket trading as CEO Lip-Bu Tan begins his role at the helm of the struggling chipmaker.

Since Intel Corp. announced that Lip-Bu Tan would take over as CEO last week, the company’s shares have soared. Now, as Tan assumes his job, it is far from clear how he will fulfill the big hopes that ...