US lawmaker questions Intel CEO's ties to China in letter to company board chair
UNITED STATES, AUG 6 – Senator Cotton demands transparency on Intel CEO Lip-Bu Tan’s investments in over 600 Chinese firms amid concerns about national security and defense supply chain risks.
- On Tuesday, U.S. Senator Tom Cotton wrote to Intel Board Chair Frank Yeary, raising concerns about CEO Lip-Bu Tan’s links to Chinese firms with military ties.
- A Reuters probe found Tan held authority over 40 Chinese companies and minority stakes in over 600 firms, investing at least $200 million in Chinese chip firms between March 2012 and December 2024.
- Cotton’s letter asks if Intel’s board required Tan to divest from Chinese chip firms linked to the military and whether he disclosed ties due to the Secure Enclave program.
- An Intel spokesperson said the company and Tan will cooperate with the inquiry, stating, `Intel and Mr. Tan are deeply committed to the national security of the United States and to the integrity of our role in the U.S. defense ecosystem`.
- Cotton wrote that, amid efforts to secure supply chains, the U.S. invests nearly $8 billion in Intel through the CHIPS and Science Act.
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Sen. Tom Cotton (R-Ark.) on Tuesday pressed the chair of Intel’s board about its CEO’s ties to China, voicing concerns about the integrity of the semiconductor firm and U.S. national security. In a letter to Intel board Chair Frank Yeary, Cotton pointed to recent reporting on Lip-Bu Tan’s investments in hundreds of Chinese tech firms,…
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