Intel's (INTC) board chair received a letter from US Republican Sen. Tom Cotton of Arkansas, who raised questions regarding the firm's new Malaysian-born Chief Executive Lip-Bu Tan's links to Chinese companies, and a lawsuit involving his former company, Cadence Design (CDNS), Reuters reported Wednesday.
In a letter to Intel's chairperson, Frank Yeary, Cotton voiced concerns about the security of Intel's operations and its implications for US national security, the report said, adding that the senator specifically inquired if Intel's board was aware of a criminal case involving their new CEO's former company.
As Intel receives federal funding under the Biden-era "Secure Enclave" program to ensure a secure supply of microelectronics for defense purposes, "Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations... Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations," Reuters reported Cotton wrote.
Intel did not immediately respond to an MT Newswires request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 20.11, Change: -0.09, Percent Change: -0.42
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。