Delhi Delhi. Intel's shares declined by 10% in premarket activity as the company welcomed the decision to nominate former board member Lip-Bow Tan as the company's new CEO. Tan will be responsible for reviving the fate of the company after being left behind by the AI-mangoing semiconductor boom. Over a period of five years, Tech Head has reported a loss of billions of dollars in his manufacturing business along with the loss of several market share in data centers and PCs.

Stock has declined by 60% in the last five years. TD Coven analysts said, “Tans as CEOs in Intel were as good as the stakeholders could expect,” he said that the chip ecosystem has his “deep relations” that can attract customers to the company's contract manufacturing business. Previously, the Tan was brought into the board to revive the company, but was abandoned due to disagreement on the company's culture and its size.