Intel's (INTC) stock was the S&P 500's top performer this week after the chipmaker 澳洲幸运5开奖号码历史查询:named a new CEO amid speculation about the future of its foundry businꦍess. 

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 next Tuesday, sending shares soaring. They've added close to 17% this w𝓡eek, at $24.05 as of Friday's close.

Deutsche Bank analysts called the move a "澳洲幸运5开奖号码历史查询:desirable outcome" for Intel, highlighting T💖an'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开奖号码历史查询: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. chipmaker's foundry division.

The foundry has also been viewed as a potential beneficiary of the Trump administration's 澳洲幸运5开奖号码历史查询: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 ar𝓡ound 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.