Intel Corp’s newly appointed CEO, Lip-Bu Tan, has deep financial ties to China’s tech sector, including investments in companies reportedly linked to the Chinese military. Tan has control over more than 40 Chinese companies and investment funds and holds minority stakes in over 600 others through firms he owns or manages — including at least eight with reported ties to China’s People’s Liberation Army (PLA), reported Reuters. The report, based on U.S. and Chinese corporate filings, found that Tan retains control or minority stakes in hundreds of Chinese tech firms via Walden International and Hong Kong-based holding companies Sakarya Limited and Seine Limited. In many cases, he co-invested alongside Chinese government entities or state-owned enterprises. Among the companies identified are suppliers and contractors for the PLA, including partnerships with China Electronics Corporation, a key PLA supplier sanctioned by the first Donald Trump administration in 2020. Tan was also an early investor in Semiconductor Manufacturing International Corp (SMIC), China’s largest chip foundry, which is under U.S. sanctions due to military links.

Full report : Intel CEO invested in hundreds of Chinese companies, some with military ties.