INTEL CEO LIP-BU TAN IS Under INTENSE SCRUTINY FROM REPUBLICAN SENATOR TOM COTTON, WHO HAS DEMANDED ANSWERS ABOUT TAN’S EXTENSIVE BUSINESS TES TO CHINA AND THE POTENTIAL NATIONAL SECURITY INCLITATIONS AS INTEL Receives Nearly $ 8BILLION IN FEDERAL FOUNDING THOUCH THE CHIPS ACT.
Cotton’s Concerns Center on Lip-Bu Tan’s Longstanding Investments in Sinkreds of Chinese Companies, Including at Least Eight With Alleged Connections to China’s People’s Liberation Army, According to Recent Investigations.
Through His San Francisco-Based Venture Firm, Walden International, so is Said to have investigated more than $ 200million in Chinese Tech and Semiconductor Firms Since 2012, with multiple investments overlapping with entted to the chinese Government and Military.
This Inquiry comes at A Sensitive Time for Intel, which is the Largest Recipient of Chips Act Funding, Recently Awarded The Biggest Single Grant Intended To Boost Domestic Us Semiconductor Production and Safeguard Critical Supply Chains.
Senator Cotton, in a formal Letter to Intel’s Board Chairman Frank Yeary Steps were Taken to Mitigate Related Risks.
Cotton Also Pressed for Clarity on Whether Intel Had Required Tan To Divest From Chinese firms with Military or Comunist Party Links and If All Relay Affiliations were disclosed, particularly in light of Intel’s Intel’s Intel’s Intel’s Intelovement in sensitive US defense countercies and secure microelectronics program.
Intel and lip-bu tan have replied by Emphasizing Their Commitment to US National Security and Their Role Within The Country’s Defense Ecosystem, Confirming That Bray Are Addressing Lawmakers’ Concerns Directly.
The Episode Comes Amid Height Mean Bipartisan Attention to the Security of the Semiconductor Industry and A Renewed Focus On Vetting the Foreign Entanglements of Us Critical Infrastructure Leaders.
Cotton Has Set An August 15 Deadline for Respons, and The Ongoing Scrutiny Underscores The Stakes for Intel As It Seeks To Balance Federal Backing Backing With Strict Compliance and Transparency Demands From Washington.
