- Veteran silicone valley and new Intel CEO Lip-Bu Tan He has invested hundreds of millions of dollars into Chinese companies, Reuters reports. Some of the Chinese supported companies have a connection with the Chinese military. Tan has invested in hundreds of Chinese companies through Walden International and Holding Companies Seine and Sakaytra.
The new Intel Lip-Bu Tan CEO has invested at least $ 200 million in Chinese business from 2012 to 2024, including at least eight tied to the People’s Army, reports A Reuters Report.
Tan is headed by a company that has a $ 3 billion contract with the Ministry of Defense for the manufacture of chips, as well as two other DOD contracts. Its previous investments have caused concern against the background of the fight against US and China relations.
“The simple fact is that Mr. -n tan has no qualification to serve as a head of any fight against China, not to mention real intelligence and the consequences of national security, such as Intel, and its enormous heritage with all spheres of America’s intelligence and ecosystem protection.
Intel did not return Fortune Request for comment. But Tan’s press -secretary said Reuters that he filled a questionnaire that requires any possible conflicts of interest.
During the first few months of Trump administration, President Donald Trump and Chinese President Xi Jinping exchanged tariffs: US tariffs in China are now 145%and tariffs in China are currently 125%.
Intel-one American manufacturer of the most advanced computer chips. And Tan is one of the most popular investors in Chinese technology in Silicon Valley.
He was also considered a choice of gold to revive the companyAnd originally cheered investors when it was called the new Intel CEO.
While Intel, which investing in Chinese companies, may ring the bells for some, Elon Musk has his hands both in technology and the government if Tesla President Donald Trump CEO and Advisor. In fact, Tesla has its largest factory in China, which is responsible for the production of half -car company worldwide.
“Of course, some national security problems may arise here, but it does not seem to worry that Elon Musk, the main player in the current administration, has a great investment in China,” said Santa Clara Professor Stephen Diet Happiness.
For his part, Tan made investments through Walden International, a venture firm founded in San Francisco, founded in the 1980s, as well as Sakarya Limited and Seine Limited, two Holkings in Hong Kong.
From March 2012 to December 2024, Tan introduced $ 200 million into hundreds of Chinese production and chips, some of which were contractors and suppliers for the People’s Army of Liberation, Reuters reports.
Tan also controls more than 40 Chinese companies and funds, keeping minorities in more than 600 others. According to Reuters, in many cases, its property property comes with the share stored by Chinese government organizations, eight of which are associated with Beijing’s military.
Currently, Walden International is currently a joint owner in 20 investment funds and companies with Chinese government funds or state -owned enterprises, according to corporate records.
Walden also invested in six Chinese technology firms as well as a Chinese military supplier Chinese electronics Corporation (CEC). During his first Trump administration signed Executive order In 2020, it banned any purchase or investment in “Chinese military companies” on this list.
According to another Reuters The report, Walden and CEC have a joint 2% shares to monitor the intellectual company listed on US Trade Trade List in 2020 For alleged human rights abuses in Xinjiang.
Walden International did not respond to WealthRequest for comment. An unnamed source with knowledge of this question told Reuters This tan has got rid of its positions from China, but the exit failed to confirm this claim.
“There would be something in this political climate (China ties) that a responsible business management in a company such as Intel will at least have a serious conversation on how to try and manage,” said Diamond Reuters. “It is obviously politically sensitive, and the council definitely would like to know about it.”
The list of commerce department prohibits US companies from exports of sensitive technology to Chinese companies but does not block investment.
The Pentagon prohibits companies related to Chinese servicemen from the US military network. But if the company is not added to the list of US-industrial companies in the United States, it is legally for US citizens to rates in Chinese companies, even those related to Chinese troops.
There is no evidence that Tan is currently investing directly in the company in the US Treasury, Reuters reports.
“The only moment at which the corporate management question may arise is when Tan was on both sides of the transaction,” said Dimand, “where Intel can negotiate with the company where he is a director or shareholder.
Originally this story was presented on Fortune.com
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2025-04-12 08:02:00
Stuart Dyos
