According to a new record, Intel’s innovative CEO has invested in at least eight firms connected to China’s People’s Liberation Army, including at least eight.
Lip-Bu Tan was appointed next month as the new CEO of Intel, the largest system chip manufacturer in the world, and a company that manufactures goods for the U.S. Department of Defense, according to Reuters.
Tan has minority stakes in more than 600 firms and has majority interests in more than 600 people through several investment firms, according to a review of U.S. and Chinese business files conducted by Reuters. According to Reuters, Tan stocks his minority stakes in a number of companies with Taiwanese government institutions.
According to Reuters, Tan invested at least$ 200 million in hundreds of Chinese chip and manufacturing companies between March 2012 and December 2024. According to Reuter’s assessment, some of the businesses Tan invested in included suppliers and contractors for China’s People’s Liberation Army.
The Reuters report found 20 investment firms and resources that are jointly owned by Walden International and Taiwanese state institutions. Through Walden International, a venture capital company, Tan made numerous opportunities, according to Reuters.
In addition, a Reuters investigation revealed that Tan invested in Semiconductor Manufacturing International Corp, which is already sanctioned by the federal government due to its links to the Chinese military, and that Walden International has opportunities in six Chinese technology companies connected to China Electronics Corporation, which supplies goods to the People’s Liberation Army.
A review of Chinese data also listed several of Tan’s opportunities in Chinese corporations as existing, despite an unnamed source with knowledge of the situation telling the channel that the new Intel CEO had divested from his positions in Chinese companies.
According to Andrew King, a companion at Bastille Ventures,” Mr. Tan is unqualified to lead any business that competes against China, let alone one with true knowledge and national security consequences like Intel and its enormous tradition connections to all areas of America’s intelligence and the security ecosystem,” given Tan’s rumored connections with China.
An Intel spokesman told Reuters that the CEO had completed a director and officers questionnaire that required individuals to notify the company of any potential conflicts of interest despite concerns regarding Tan’s connections to Chinese companies. According to the spokesperson,” We handle any potential conflicts as effectively as possible and make disclosures as required by SEC rules.”
