Wall Street welcomed the move by sending Intel’s shares up nearly 15 per cent this week. But the decision came after a deliberative process, with chair Frank Yeary saying the board had met with “many strong leaders” before settling on the Malaysia-born, Mandarin-speaking, MIT-educated executive — whose interest in the job was an open secret.

By Aditya Soni (Reuters) -Shares of Intel closed 14% higher on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker's direction,

Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet, CEO of troubled, storied chipmaker Intel, his performance will be on full display.