Intel (NASDAQ:INTC) just elevated COO Brian Krzanich to CEO. The Chipzilla has been looking for a new leader since current CEO Paul Otellini announced his retirement six months ago.

Krzanich is the obvious pick, perfectly in keeping with decades of Intel's king-maker tradition. But his highly technical background with a focus on chip manufacturing operations also throws new wrinkles into the company's strategy mix. Will Krzanich be the guy who finally brings Apple's (NASDAQ:AAPL) mobile chips into Intel's factories?

In this video, Fool contributor Anders Bylund walks you through Intel's long-awaited announcement, and what it means for investors.