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Intel's China investments, despite CHIPS Act funding, spark national security concerns and government equity takeover.
A venture capital researcher's investigation revealed Intel’s extensive investments in Chinese startups, including those linked to former CEO Lip-Bu Tan, sparking a national debate over corporate governance and national security.
Despite receiving $19.5 billion in CHIPS Act funding to boost U.S. semiconductor manufacturing, Intel continued expanding in China, prompting political backlash and a U.S. government move to acquire a 9.9% stake—converting loans to equity.
The lack of government oversight over Intel’s board and its default alignment with leadership highlight systemic weaknesses in corporate governance during technoeconomic competition.
The findings underscore how private corporate decisions can threaten national technological security, calling for reforms to ensure accountability, transparency, and alignment with national interests in critical industries.
Las inversiones de Intel en China, a pesar del financiamiento de la Ley CHIPS, provocan preocupaciones de seguridad nacional y la adquisición de acciones por parte del gobierno.