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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Intel CEO Lip-Bu Tan Faces GOP Firestorm Over China Ties—Tom Cotton Demands Answers On $8 Billion CHIPS Act Grant, Cites Military Links

Tan Tom Cotton Donald Trump Intel Corporation Ark. Cadence National Security United States
Haifa,,Israel,-,November,1,,2022:,Intel,Research,And,Development

Sen. Tom Cotton (R-Ark.) is demanding Intel Corp. (NASDAQ:INTC) explain potential national security risks posed by CEO Lip-Bu Tan‘s extensive Chinese investments, raising concerns about the chipmaker’s $8 billion federal grant under the CHIPS Act.

Senator Cites Military Links, Cadence Guilty Plea

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