Intel appointed Lip-Bu Tan, former CEO of Cadence Design Systems, as its new chief executive, replacing interim co-CEOs David Zinsner and MJ Holthaus. The announcement triggered a 10% jump in Intel shares as investors welcomed experienced leadership during a critical period. Tan faces significant challenges including manufacturing setbacks, competition from AMD and Nvidia, and the need to execute Intel's foundry strategy. His appointment signals potential strategic shifts for the struggling semiconductor giant