Intel looks to put millions more into SambaNova startup chaired by CEO Tan
Intel plans to invest an additional $15 million in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, increasing its ownership to 9%. This investment is part of Intel's efforts to pursue transactions that may benefit Tan, who has been instrumental in shaping the company's strategy.
Intel is investing $15 million in SambaNova, a chip startup. This increases Intel's ownership to 9%. SambaNova is chaired by Intel CEO Lip-Bu Tan. The investment is subject to regulatory approval. Intel had previously invested $35 million in SambaNova in February. The company has announced a strategic collaboration with SambaNova. Intel says it maintains rigorous governance and conflict-of-interest policies.
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