UBS analyst Timothy Arcuri also called attention to Tan's relationships with China and Taiwan and "history of creating shareholder value" as another potential positive for Intel.
Tan "is likely to bring a customer service mindset to the company that is increasingly important to their goals but which has been lacking," wrote Bernstein's Stacy Rasgon. "We like him; he was at the top of our list of candidates from a desirability point of view, and we are genuinely happy for the company that he has taken the job."
Intel stock has gained about 3% this year after shedding nearly two-thirds of its market value in 2024. In August the stock dropped to its lowest level in more than a decade and suffered its worst decline in 50 years after cutting 15% of its workforce and issuing disappointing results.