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US lawmaker questions Intel CEO's ties to China in letter to company board chair - The Economic Times

Economic Times

Economic Times · 23d ago

US lawmaker questions Intel CEO's ties to China in letter to company board chair - The Economic Times

U.S. Senator Tom Cotton raised concerns over Intel CEO Lip-Bu Tan’s links to Chinese companies in a letter questioning the company's board about Intel's national security integrity. He scrutinized Tan's investments, disclosures, and former connections to Cadence Design, which faced legal issues over Chinese sales. Although Tan reportedly divested from Chinese entities, his investments raised questions amid Intel's involvement in a U.S. defense program. Intel confirmed commitment to U.S. security, promising to address the concerns raised by Cotton.

Related News

Xi Jinping's secret letter to New Delhi that likely brought India-China ties back to life

Economic Times

Economic Times · 1d ago

Xi Jinping's secret letter to New Delhi that likely brought India-China ties back to life

Chinese President Xi Jinping sent a letter to Indian President Droupadi Murmu proposing improved relations and expressing concerns about US deals affecting China. This outreach led India to rethink its ties amid contentious US trade talks and US-initiated tariffs. Following Xi's letter, India and China agreed to address border disputes and Prime Minister Modi planned a China visit. The shift reflects India's strategic autonomy amid US pressures, especially concerning Russian oil imports.

President Trump calls Intel CEO a 'success' after meeting - The Economic Times

Economic Times

Economic Times · 17d ago

President Trump calls Intel CEO a 'success' after meeting - The Economic Times

Executive Lip-Bu Tan met President Trump after calls for his resignation over China ties. Following their discussion, Trump softened his stance, suggesting future cooperation. Despite calls for Tan's resignation over Chinese investments, the meeting focused on Intel's commitment to U.S. tech leadership. Although Intel faces challenges, Trump's reconsideration signals potential collaboration. Tan has publicly reaffirmed his commitment to U.S. priorities, addressing national security concerns related to Intel's leadership and his ties to China.

Ex Intel directors advocate massive shake up as Trump guns for CEO Tan - The Economic Times

Economic Times

Economic Times · 19d ago

Ex Intel directors advocate massive shake up as Trump guns for CEO Tan - The Economic Times

Former Intel board members are pushing for a significant restructuring, proposing the spin-off of Intel Foundry into an independent entity to enhance competitiveness and address national security concerns. This follows scrutiny of Intel CEO Lip-Bu Tan's ties to Chinese companies, with President Trump calling for his resignation. They believe separating the chip fabrication unit would make it more agile against rivals and strengthen the U.S. position in advanced semiconductor manufacturing.

US lawmaker calls for probe of UAE tech firm over China ties

Economic Times

Economic Times · 1y ago

US lawmaker calls for probe of UAE tech firm over China ties

A US lawmaker has requested the consideration of trade restrictions on United Arab Emirates-based AI firm Group 42 Holdings (G42) due to its connections with China. Mike Gallagher, the Republican chair of the House Select Committee on the Chinese Communist Party, expressed concerns about G42's business relationships with Chinese military companies and blacklisted entities, such as Huawei. He has urged the Department of Commerce to evaluate whether G42 and its subsidiaries should be added to a trade blacklist.

Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy

Business Today

Business Today · 4m ago

Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy

Amid rising US-China trade tensions, China expressed interest in stronger economic ties with India. Chinese ambassador Xu Feihong emphasized China's openness to premium Indian exports and commitment to aiding Indian businesses in accessing its large consumer market. He highlighted mutual benefit and win-win cooperation as core principles of China-India trade relations, stating that China's trade surpluses are market-driven and adapt to evolving economic conditions.

Trump says Intel CEO Lip-Bu Tan must 'resign immediately' | TechCrunch

TechCrunch · 17d ago

Trump says Intel CEO Lip-Bu Tan must 'resign immediately' | TechCrunch

Amidst rising U.S.-China tensions, President Trump demanded Intel CEO Lip-Bu Tan's resignation over alleged conflicts of interest, though no evidence was provided. Intel defended Tan, emphasizing investments in U.S. semiconductor operations. The demand followed Senator Tom Cotton's inquiry into Tan's China ties. Tan has focused on boosting Intel's efficiency by streamlining operations. Intel plays a key role in the CHIPS Act with major U.S. investments, supporting the Biden administration's agenda.

Intel CEO’s ‘amazing story’ has helped make him a billionaire - The Economic Times

Economic Times

Economic Times · 12d ago

Intel CEO’s ‘amazing story’ has helped make him a billionaire - The Economic Times

Intel CEO Lip-Bu Tan, who has built a significant fortune largely from Cadence Design Systems, faced scrutiny over past ties to China and export-control violations. Despite initial criticism, President Trump reversed his stance after an insightful meeting with Tan, highlighting his remarkable success story. Tan, originally from Malaysia, has made substantial contributions to the tech industry, investing in semiconductors and leading Cadence's impressive stock growth. Now, as Intel's CEO, he's poised to navigate the evolving tech landscape.

India must work with Chinese capital, supply chains to become manufacturing hub: Former Intel executive

Economic Times

Economic Times · 3m ago

India must work with Chinese capital, supply chains to become manufacturing hub: Former Intel executive

India's ambition to become a manufacturing hub may falter without collaborating with Chinese capital and supply chains, warns former Intel executive William Huo. He suggests India emulate China's 1980s strategy of embracing Japanese investment and technology. Huo emphasizes the need for a comprehensive national industrial policy beyond slogans like 'Make in India.' He cautions against severing ties with China and notes potential future challenges with US relations as India's economy grows.

US to make it harder for Intel, SK Hynix and Samsung to make chips in China - The Economic Times

Economic Times

Economic Times · 1h ago

US to make it harder for Intel, SK Hynix and Samsung to make chips in China - The Economic Times

The United States is revoking authorizations for chipmakers Samsung, SK Hynix, and Intel to use American semiconductor equipment in China, affecting their chip production there. This follows the 2022 restrictions on US semiconductor equipment sales to China. These companies must now obtain licenses to acquire this equipment. The decision, effective in 120 days, may impact US equipment suppliers and benefit Chinese equipment makers and Micron, a US competitor to Samsung and SK Hynix.

Dhanlaxmi Bank's independent director quits citing attitude of MD & CEO

Livemint

Livemint · 1y ago

Dhanlaxmi Bank's independent director quits citing attitude of MD & CEO

Sridhar Kalyanasundaram, an Independent Director of Dhanlaxmi Bank, has resigned citing the attitude of the MD & CEO and other issues. The letter of resignation highlighted instances where the inputs of the Independent Director were deliberately ignored by other board members to support the CEO. Issues mentioned include delays in the approval of a rights issue, insufficient capital infusion, irregular conduct of board meetings, and unethical practices in the bank's business dealings. The director also mentioned a shareholder allegation regarding the CEO's appointment in 2021.

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