Intel Appoints Lip-Bu Tan as CEO, Stock Jumps

Intel appointed Lip-Bu Tan as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in extended trading.

The chip industry veteran, who previously helmed Cadence Design Systems, was an Intel board member but departed last year, citing other commitments.

Tan replaces interim co-CEOs David Zinsner and MJ Holthaus, who took over in December when former Intel CEO Patrick Gelsinger was ousted. Tan is also rejoining Intel’s board.

"I am honored to join Intel as CEO," Tan said in a statement. "I have tremendous respect and admiration for this iconic company, and I see significant opportunities to remake our business in ways that serve our customers better and create value for our shareholders."

Read: Intel Names Lip-Bu Tan as New CEO, Shares Surge 12%

Reference Sources

1. https://finance.yahoo.com/news/intel-appoints-lip-bu-tan-as-ceo-stock-jumps-11-210407481.html
2. https://www.cnbc.com/2025/03/12/intel-appoints-lip-bu-tan-as-new-ceo-stock-up-11percent.html
3. https://www.bloomberg.com/opinion/articles/2025-03-12/new-intel-ceo-lip-bu-tan-is-taking-the-last-throw-of-the-dice

China will lead the world in smart manufacturing by 2030, report says

(Source: Getty Images)

China's "Made in China 2025" industrial strategy has put the country on track to become a global leader in smart manufacturing within the next few years, according to a report by Beijing's Renmin University of China.

The project, launched a decade ago, aimed to propel China to the forefront of a slew of Hi-Tech industries, including aerospace, electric cars, robotics and telecommunications.

Although Beijing has become reluctant to publicly name-check the policy in recent years amid global pushback, the strategy nevertheless helped China achieve remarkable progress in several key areas, said Wang Wen, Dean of Renmin University's Chongyang Institute for financial studies.

Beijing has not published an official assessment of "Made in China 2025", but a calculation by the post last year found that 86% of the targets laid out in the plan had been achieved. At a US congressional hearing on "Made in China 2025" in February, US experts expressed alarm at China's fast progress in advanced manufacturing and warned that America risked "losing the next industrial revolution".

Reference Sources

1. scmp - China will lead the world in smart manufacturing by 2030, report says

OpenAI launches new developer tools as Chinese AI startups gain ground - The Business Times

(Source: Shutterstock)

Chinese start-up Monica has developed a new AI model called Manus, which is designed to perform complex tasks without human supervision.

Manus is a general artificial intelligence assistant that can organize its actions, plan its research and take various directions on its own, in a totally autonomous approach.

OpenAI has launched new tools for developers that will help them build advanced artificial intelligence (AI) agents, using a few application programming interfaces (APIs), amid growing competition from Chinese ai startups. AI agents are designed to independently execute complex real-world tasks without direct human intervention, while API is a strings of code which enables standardized communication, data exchange and Functionality between software components.

The responses API is available to all developers at no additional cost.

It replaces OpenAI’s assistants API, which is set to be phased out by the second half of 2026.

Manus AI has announced a strategic partnership with the team behind Alibaba's Qwen ai models.

The two sides will collaborate based on Qwen's Open-Source ai models and aim to implement all of Manus' Functionalities on China's domestic models and computing platforms.

Manus can do everything from analyzing the stock market to creating a personalized travel handbook for a trip with simple instructions from users, its website says.

Reference Sources

1. thestarmy - Why is everyone talking about this 'more autonomous' AI assistant from China?
2. bussinesstimes - OpenAI launches new developer tools as Chinese AI startups gain ground - The Business Times
3. usnews - China's Manus AI Announces Partnership With Alibaba's Qwen Team
4. bussinesstimes - China’s Manus challenges US tech firms in race to build AI agents - The Business Times
5. malaymail - What to know about Manus, China’s latest AI assistant

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

Have you read?

• Intel Names Lip-Bu Tan as New CEO, Shares Surge 12%
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