Lip-Bu Tan, the newly appointed CEO of Intel, has invested in hundreds of Chinese technology companies, including several linked to China's People's Liberation Army as well as Semiconductor Manufacturing International Corp. (SMIC), China's foundry champion, according to a review of American and Chinese corporate documents conducted by Reuters. The information raises concerns due to Intel's close work with the U.S. defense sector.
The corporate documents reviewed by Reuters show that Tan controls over 40 companies in China and has minority stakes in over 600 entities in China via investment companies he manages or owns. The value of the stakes is at least $200 million. Some of the companies Tan has invested in are contractors and suppliers for the People's Liberation Army. In numerous cases, Tan's stakes are shared with Chinese state-owned groups or regional government-backed investment funds.
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