Intel CEO's Rivos Deal Boosts Personal Wealth
Update: 2025-12-10
Description
Intels CEO, Lip-Bu Tan, pursued deals that benefited his personal fortune, including a bidding war for AI chip startup Rivos. Despite initial board rejection due to conflict of interest, Tans lieutenant developed an AI plan, leading to partnership talks and a bidding war with Meta. Intel ultimately acquired Rivos, benefiting Tans venture capital firm. Tans extensive investment network has helped revive Intels struggling chipmaker, with share price doubling since his appointment.
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