A Reuters news report has revealed that Intel CEO Lip-Bu Tan has made investments in Chinese companies through Walden International and two Hong Kong-based holding firms, Sakarya and Seine.
Through Walden, Tan was a seed investor in Semiconductor Manufacturing International (SMIC) in 2001 and served on its board until 2018; he exited in 2021 after SMIC was sanctioned by the U.S. for ties to the Chinese military.
Walden remains invested in 20 entities alongside Chinese state-backed funds and six firms with China Electronics Corporation, a PLA supplier sanctioned by the U.S.
Investments include QST Group, whose sensors were found in Russian military drones, and Intellifusion, a surveillance firm blacklisted by the U.S. for alleged human rights violations.
Two Walden funds hold over 5% of Wuxi Xinxiang, a supplier to blacklisted memory chipmaker YMTC.
Tan owns Sakarya, which controls 38 Chinese firms and connects him to over 500 entities in China through Huaxin Yuanchuang.
Tan also holds stakes in 68 Chinese firms via Seine, including Dapu Technologies and HAI Robotics, both linked to Chinese military activities, according to U.S. lawmakers.
HAI Robotics confirmed Seine’s investment but denied involvement in military contracts, stating it focuses solely on civilian logistics technology.
InfotechLead.com News Desk
