- Veteran of Silicon Valley and the new Intel CEO Lip-this tan It has invested hundreds of millions of dollars in Chinese companies, Reuters reported. Some of Chinese companies tan supported have links to the Chinese military. Tan invested in hundreds of Chinese companies via Walden International and Holding Companies Senna and Lova.
Intel’s new CEO, Lip-Bu Tan, has invested at least $ 200 million in Chinese businesses between 2012 and 2024, including at least eight related to the People’s Liberation Army, according to A. Reuters Report.
Tan runs a company that has a $ 3 billion deal with the Defense Ministry on chip production, along with two other DD deals. His previous investments have raised concerns despite relations between the United States-China.
“The simple fact is that Mr Tan is unqualified to serve as head of any company competing against China, let alone the one with realistic intelligence and national security consequences like Intel and his huge inheritance relationship with all areas of US intelligence and defense ecosystem,”.
Intel did not return Wealth Commentary request. But Tan’s spokesman told Reuters that he had filled a questionnaire that needed to detect any potential conflicts of interest.
During the first few months of the Trump administration, President Donald Trump and Chinese President Si Jinininping exchanged pockets in the form of tariffs: US tariffs for China now stand at 145%, while Chinese US tariffs are currently 125%.
Intel is the only American manufacturer of the most advanced computer chips. And Tan is one of the most sustained Silicon Valley investors in Chinese technology.
He was also considered a selection of Goldilox Revive the companyAnd he was initially cheered by investors when he was named Intel’s new CEO.
While Intel Helmed by someone who invests in Chinese companies can Ringwoni alarm Svona for some, Elon Musk has its own hands in both technology and in the government as how Tesla CEO and adviser to President Donald Trump. In fact, Tesla has its largest factory in China, which is responsible for producing half of the company’s cars globally.
“Certainly there may be some problems with national security, but it seems that the United States does not mind that Elon Musk, a key player in the current administration, has a great investment in China,” Law School Professor Santa Clara, Stephen Diamond, said. Wealth.
For his part, Tan made an investment through Volden International, a company based in San Francisco, which founded it in the 1980s, along with Sakaria Limis and Seine Limitid, two Hong Kong Holdings companies.
Between March 2012 and December 2024, Tan injected $ 200 million in hundreds of Chinese companies for advanced production and chips, some of whom were performers and suppliers of the People’s Liberation Army, reports Reuters.
Tan also controls more than 40 Chinese companies and assets while holding a minority stake in over 600 others. In many cases, its ownership of minorities comes along with stakes held by Chinese government entities, eight of which are linked to Beijing’s military, according to Reuters.
Meanwhile, Volden International is currently a joint owner in 20 investment funds and companies with Chinese government funds or state -owned companies, according to Chinese corporate records.
Volden also invested jointly in six Chinese tech firms along with Chinese military supplier Chinese electronics Corporation (CEC). During his first administration, Trump signed Executive order In 2020 that banned any purchase or investing in Chinese military companies, with the list of the list.
According to another Reuters Report, Volden and CEC have a joint 2% of the shares in the Intellifusion Supervisory Company, which is listed on Black List of the US Department of Commerce in 2020 For alleged human rights abuses in Xinjiang.
Walden International did not respond to WealthCommentary request. An unnamed source with knowledge of this issue told Reuters He turned away from his positions in China’s entities, but the exit was unable to confirm that claim.
“In this political climate, (China links) it would be something that responsible business leadership in the company as Intel would at least have a serious conversation on how to try and manage,” Diamond told Reuters. “It is obviously politically sensitive and the board would certainly like to know about it.”
The list of entities of the Trade Ministry forbids US firms from exporting sensitive technologies to Chinese companies, but does not block investment.
The Pentagon prohibits companies tied to the Chinese military by the US military supply chain. But unless the company is added to the list of Chinese military-industrial complex companies in the US, it is legal for US citizens to hold stake in Chinese companies, even those that have links to the Chinese military.
There is no evidence that Tan is currently investing directly in companies on the US Treasury list, according to Reuters.
“The only point in which the issue of corporate governance can increase is if Tan is found on both sides of the transaction,” said Diamond, “where Intel could negotiate with a company where he is a director or shareholder.”
This story was originally shown on Fortune.com
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