"Conflict of interest?" Somebody in hot water? Will he have to disinvest like TikTok?
Will he be invited by President Trump for an interview in the White House? Just kidding!
"Summary
- Tan invested in over 600 Chinese firms, some linked to China's military
- Investments raise concerns because of Intel's role in US national security
- Intel says Tan disclosed potential conflicts of interest before becoming CEO
- Chinese databases list many Tan investments as current, extent of divestitures unclear ...
Reuters' review found that Tan controls more than 40 Chinese companies and funds as well as minority stakes in over 600 via investment firms he manages or owns. In many instances, he shares minority stake ownership with Chinese government entities.
Several investors interviewed by Reuters expressed concern that the scope of Tan’s investments could complicate the task of reviving Intel. Along with Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co, Intel is one of three companies in the world making the most advanced computer chips, and the only one based in the U.S. ...
It is not illegal for U.S. citizens to hold stakes in Chinese companies, even those with ties to the Chinese military, unless those companies have been added to the U.S. Treasury's Chinese Military-Industrial Complex Companies List, which explicitly bans such investments.
Reuters found no evidence that Tan is currently invested directly in any company on the U.S. Treasury's list. ...
Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, including in contractors and suppliers for the People's Liberation Army, according to a review of Chinese corporate databases cross-referenced with U.S. and analyst lists of companies with connections to the Chinese military. ..."
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