Intel CEO Lip-Bu Tan purchased $10 million worth of Intel stock at $95 per share through a family trust.
Intel CEO Lip-Bu Tan purchased $10 million worth of Intel shares at $95 per share through a family trust, a price identical to the company's concurrent secondary offering of $20 billion. This purchase increased his stake in Intel to over 1.3 million shares, valued at over $130 million, betting on the company's continued improvement after its stock price had already risen by 177% by 2026. Intel's Q2 revenue reached $16 billion, a 25% year-over-year increase, with AI-related businesses contributing approximately 60% of the total revenue.
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