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The value of Intel shares is growing as Chi Liwu assumes leadership of the major chip manufacturer.
### Important Conclusions:
* On Monday, Intel shares distinguished themselves on the NASDAQ, with pre-market trading profits growing. The new chief executive officer, Chi Liwu, has formally assumed his position to guide the challenged chip manufacturer.
* Chi Liwu is replacing Pat Gelsinger, who left his post at the end of the previous year after being unsuccessful in reversing the company’s fall.
* Intel shares increased almost 7% yesterday and 1% in pre-market trading, but have dropped nearly 40% of their market capitalization over the past year.
Intel (INTC) shares were prominent on the NASDAQ on Monday, with pre-market trading profits increasing as new CEO Chi Liwu commenced taking control of the challenged chipmaker.
Chi Liwu takes over from Pat Gelsinger, who left his position at the end of the prior year after failing to guide the American chipmaker out of its difficult situation. Under Gelsinger’s direction, Intel’s artificial intelligence (AI) division has had difficulty competing with global leaders such as TSMC (TSM).
According to a Reuters report on Monday, Chi Liwu is contemplating significant changes to Intel’s chip production procedures and artificial intelligence strategy. The report stated that Chi Liwu is considering reducing middle management and reforming its contract manufacturing business.
Experts and shareholders greeted Intel’s statement of Chi Liwu’s assignment last Wednesday. Chi Liwu formerly acted as chief executive officer of Cadence Design Systems (CDNS), a semiconductor software firm and one of Intel’s associates.
The value of Intel shares increased almost 7% yesterday and 1% in pre-market trading, but has dropped nearly 40% of its market capitalization over the past year.
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