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Intel CEO Lip-Bu Tan headed Cadence when it illegally sold chip designs to Chinese military
short by Ashley Paul / on Saturday, 9 August, 2025
Intel CEO Lip-Bu Tan, who US President Donald Trump asked to quit, was heading Cadence Design Systems when the company was illegally selling chip-designs to a Chinese military university. Cadence pleaded guilty to the allegations in July, agreeing to pay $140 million to US. The university was believed to be using US-origin components to support nuclear explosive simulation.
read more at Moneycontrol