Intel appoints new CEO: Lip-Bu Tan.

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I know the CEO was an interim after Gelsinger, but wow that was fast!!
Best of luck to him, he will need both that and talent.

Talked to him for a bit at my last startup, he invested. He's sharp, very market focused.

Also he believes in the GPGPU market hardcore.

He's not one of the marketing trash who drove intel into the ground.

But what can he practically speaking do?

Hmm, so invest?

I'd hold off, the market is a shitshow right now.

Definitely wait to see if it dips further

Intel executive team and board of directors who approved stock buy backs must have all of their earnings reclaimed.

Until criminals get punished looting of public companies will not stop. Taxpayer bail outs will not stop.

Parasites must be punished, anything less is a reward being their criminal activities.

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Lip-Bu Tan previously seems to have been in conflict with Gelsinger. He left his position on Intel's board of directors in August 2024.

Him coming back to essentially replace Gelsinger makes me even more curious what the disagreement was 👀