US chipmaker Intel appoints industry veteran Lip-Bu Tan as CEO

(Reuters) -Struggling U.S. chipmaker Intel on Wednesday named former board member Lip-Bu Tan as its CEO effective on March 18, more than three months after it ousted company veteran Pat Gelsinger. Tan, a respected semiconductor industry veteran, has long been seen as a CEO contender. Intel is undergoing a historic transition as it attempts to emerge from one of its bleakest periods.