Lip-Bu Tan’s ‘New Intel’ is the last throw of the dice

After a search for a new chief executive officer that lasted more than three months, Intel Corp. has decided Lip-Bu Tan is the best choice to salvage the company’s future. He’ll take up the most difficult job in the chip business, Bloomberg News reported on Wednesday evening.

In a letter, Tan told his new subordinates that they were “in many ways” the “founders” of “The New Intel” — some motivational speaking to give the endeavor the feeling of a fresh start. What exactly the “new” Intel will look like is not yet clear….