US President Trump's social platform Truth Social posted that Intel executives are involved in serious conflicts of interest and must immediately resign, not to be able to do so. Recently, US participant Tom Cotton sent a letter to Intel to pay...
US President Trump's social platform Truth Social posted that Intel executives are involved in serious conflicts of interest and must immediately resign, not to be able to do so. Recently, US participant Tom Cotton sent a letter to Intel to pay attention to Chen Liwu’s past business contacts with Chinese technology companies and whether these relationships threaten Intel’s core role in the US defense supply chain.
Participant Tom Cotton recently wrote to Frank Year, Chairman of Intel's Board of Directors, questioning whether the board has sufficiently reviewed Chen Liwu's investment in companies related to the Chinese military, and whether he had completely withdrawn the funds before leading Intel. Intel actively participates in the federal Secure Enclave project to ensure the safety of US microelectronic products, and also participates in a US Department of Defense contract of approximately US$3 billion. Tom Cotton doubts whether Chen Liwu's investment history hurts Intel's obligations. Intel has been in trouble many times before due to national security problems.
Reuters' April investigation revealed that Chen Liwu invested at least US$200 million through his risk investment company Walden International and related entities, and several companies also have related to the Chinese People's Liberation Army, such as early investment by SMIC and cooperation with domestic enterprises such as China Electronics Corporation. Although Chen Liwu claimed that the capital had been withdrawn, the Chinese Database still showed that Chen Liwu still holds a lot of Chinese companies, causing legal issues.
Chen Liwu was appointed as the leader of Cadence Design before 2023. Yihua Computer was recently convicted of paying more than US$140 million for selling chip design tools to the Chinese Military University, which participates in nuclear simulation. Tom Cotton asked Intel's Board of Directors if it was aware of Chen Liwu's receipt of the tickets received by Chen Liwu's long-term computer and his solutions.
Intel responded that the company and Chen Liwu are committed to maintaining national security and cooperate with the board of directors' investigation. Intel and Chen Liwu are both deeply committed to the security of the United States. Affected by this negative news, Intel's stock price plummeted by more than 4% before opening the market.
