Eyes on the new CEO
Tan’s leaders of Intel, the US largest chip manufacturer and the Ministry of Defense, has signed a billion dollar projects with the Ministry of Defense, led to concerns with some investors and policy makers. Because San Francisco is the founder of Tan Walden International named venture capital company, since 2012 to hundreds of companies operating in China’s advanced technology and chip production sector at least 200 million dollars investment did it.
Some of Tan’s investments include companies that provide directly supply to the Chinese army. Walden International, China Electronics Corporation, such as the China Electronics Corporation, was also subjected to sanctions on Trump during the PLA suppliers. In addition, approximately 20 different funds and joint initiatives, which are carried out with local government funds in technology centers such as Hangzhou, Hefei and Wuxi in China, attract attention.
Intel’in, $ 3 billion chip production agreement with the US Department of Defense and the company plays an active role in Pentagon’s chip development programs. In this context, Tan’s past investments bring transparency and trust questions, especially in national security -oriented projects.
Tan did not pierce a ban
On the other hand, there are those who say that Tan is a visionary entrepreneur and investor. This is one of the reasons why he was chosen as CEO. Tan was one of the first investors of SMIC, who was China’s largest chip documentation and under the US sanctions. In 2001, TAN, who invested in SMIC in 2001, took part in the board of directors of the company until 2018. It is stated that Walden was completely released from SMIC in January 2021.
Under the US laws, companies connected to the Chinese army are only subject to direct investment if they take part in certain sanctions lists. Reuters could not find any evidence that Tan was directly investing in companies in these lists. However, in this period when the political climate is increasingly hardened, Chinese investments of a company that is intertwined with the defense industry like Intel are enough to attract attention in terms of transparency and security.
This news, Our mobile application download and download,
You can read at any time (even offline):
Source link: https://www.donanimhaber.com/intel-ceo-su-askeri-baglantili-cinli-sirketlere-yatirim-yapti–190064