Intel's (INTC) stock was the S&P 500's top performer this week after the chipmaker 澳洲幸运5官方开奖结果体彩网:named a new CEO amid speculation about the future of its foundr✃y business. 

The company announced Wednesday that Lip-Bu Tan, the former CEO of semiconductor software firm Cadence Design Systems (CDNS), will become its new CEO as of n♈ext Tuesday, sending shar☂es soaring. They've added close to 17% this week, at $24.05 as of Friday's close.

Deutsche Bank analysts called the move a "澳洲幸运5官方开奖结果体彩网:desirable outcome" for 𒀰Intel, highlighting Tan's "extensive expertise in the semiconductor ecosystem." 

Bank of America analysts suggested Tan could usher in a strategic shift for the company’s foundry business, which has been the subject of acquisition rumors for months. Earlier in the week, Reuters reported Taiwan Semiconductor Manufacturing Company (TSM) 澳洲幸运5官方开奖结果体彩网:approached other chip firms Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) about forming a joint venture to own and run the U.S. chipm♛aker's foundry division.

The foundry has also been viewed as a potential beneficiary of the Trump administration's 澳洲幸运5官方开奖结果体彩网:stated goal of ensuring artificial intelligence chips are designed and manufactured in the U.S. The Reuters report said Trump asked ♔TSMC for help in turning around Intel.

With this week's gains, Intel's stock is up 20% in 2025, making it the best-performing chip stock on the S&P 500 for the year so far. That’s a stark change from 2024, which saw the chipmaker's stock lose more than half of its value.