After a dreadful performance in 2024, Intel Corp.’s stock is suddenly the best performing chip stock of the year, leading the Philadelphia Semiconductor Index for 2025 as investors look for upside potential after souring on most chip stocks.

Intel named Lip-Bu Tan as its new chief executive, selecting a former board member and longtime industry executive to help turn itself around. Shares stood 15% higher in midday trading. 🔎 Dig deeper

The 65-year-old seasoned professional from the semiconductor sector, who has held a board position at Intel in the past, is responsible for enhancing efforts to bring the company back to the leading position in an industry it ruled for many years.