Asian chip stocks rise; Intel shares surge after market close after appointing Lip-Mo Tan as new CEO

2025-03-13 08:45:31

Intel's suppliers in Asia surged after Intel named Lip-Bu Tan as its next CEO. In Japan, Ibiden jumped as much as 9.6%, its biggest gain since Nov. 5, Disco gained 6.3%, Screen rose 3.1%, Lasertec rose 2.8% and Tokyo Electron rose 2.3%. Among South Korean suppliers, TSE rose 4.9%, Wonik QnC rose 3.9%, SK Hynix rose 2.8%, DB HiTek rose 2.8% and ISC rose 2.6%.

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