Tan's first big move

Intel Corporation's new CEO Lip-Bu Tan's first big move was to sell 51 percent of Altera to SilverLake at an $8.75 billion valuation. The company still retains 49 percent. Intel acquired Altera in 2015 for approximately $16.7 billion.

Intel shares up 12 per cent

The cocaine nose jobs of Wall Street had mixed reactions to Tan’s coronation as Chipzilla’s new King.

Needs quick turn around before Celine Dion starts singing

Troubled Chipzilla has once again shuffled the deck chairs on its sinking semiconductor ship, bringing in industry veteran Lip-Bu Tan as the latest CEO to attempt a turnaround.