In his letter to Intel employees, new chief executive officer Lip-Bu Tan, who starts his new job next Tuesday, tells them that he is “never deterred by

Shares of Intel Corp. jumped 15% after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.

NTU alumnus Tan Lip-Bu has been appointed the new CEO of Intel. A highly accomplished technology leader, he has outlined his determination to drive the turnaround of one of the world’s largest chipmakers,