Intel's Surprising Savior

Lip-Bu Tan is a prolific and longtime investor in China’s semiconductor industry. | |

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Cover | March 21st, 2025

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| Good afternoon. On Tuesday, Intel started its much anticipated new chapter when Lip-Bu Tan took the reins as chief executive.

Industry analysts are optimistic about Tan's tenure; he is widely seen as one of the few people who can turn Intel into a reliable, world-class chipmaker — which the U.S. desperately wants. But Tan's background makes him a surprising savior for America's chip champion.

As Noah Berman and Eliot Chen report this week, Tan is a longtime and prolific investor in China's chip industry, overseeing some 140 investments in Chinese chip companies since 1987.

Read more about his connections to U.S.-sanctioned companies like SMIC and Shanghai Biren — and why many analysts still say he's the right man for Intel.

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Intel CEO Lip-Bu Tan stands near Intel's “spark” cube outside the Robert Noyce Building at the company’s headquarters in Santa Clara, California, March 18, 2025. Credit: Intel Corporation
| Intel's Surprising Savior The new leader of America’s chip champion is a prolific and longtime investor in China’s semiconductor industry. Noah Berman and Eliot Chen report.

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