Intel CEO accused of initiating deals to benefit himself [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
Intel has been relatively quiet about its $28 billion project in Licking County , but has not gone unnoticed elsewhere. The semiconductor manufacturing company had a difficult few years after announcing its Ohio One project, but has been increasingly optimistic in recent months Federal funding abruptly canceled for key Ohio manufacturing program Over the last two weeks, however, the company has been tied to conflict-of-interest concerns and other national headlines. Lip-Bu Tan's extensive network within the semiconductor industry is part of why he was appointed as Intel CEO in March , in hopes his vast connections and expertise could revive the struggling chipmaker. Now, those connections have been flagged as possible conflicts of interest, with Tan accused of pursuing deals through Intel that would benefit him financially. Tan is the chairman of AI chip startup Rivos' board. According to a Reuters report, Tan pitched Intel's board on buying Rivos in the summer, but the board
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Sec Filings
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