Garage sale as Intel bleeds from old bets

Troubled Chipzilla is flogging 51 per cent of its Altera programmable chip arm to buyout outift Silver Lake for $4.46 billion, marking new Intel boss Lip-Bu Tan’s first big move since taking over in December.

Lip-Bu Tan's deep China ties

Silicon Valley investor Lip-Bu Tan, who was tapped to steer troubled Chipzilla out of its tailspin, holds financial stakes in hundreds of Chinese tech outfits, some with direct links to the People’s Liberation Army.