Exclusive-Intel looks to put millions more into SambaNova startup chaired by CEO Tan [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, a Reuters review of corporate records showed. The investment, subject to regulatory approval, would increase Intel's ownership of SambaNova to 9%, the review showed. ?The backing follows another $35 million that Intel put into SambaNova in February, which, along with other financing, had boosted Intel's stake in the startup to 8.2%, from 6.8% last ?year. The companies announced a "strategic collaboration" in February. The specifics of this deal and others, previously unreported, show how Intel continues to pursue transactions that may increase the personal fortune of Tan, a wealthy venture capitalist whom the chipmaker hired a ?year ago to turn the company around. Intel said in a late March securities filing that there were four unnamed companies whose financings were material to disclose because of their size and benefit to Tan. The company did not say if the list was exhaustive. Reuters determined details of these in
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