CEO Lip-Bu Tan Buys Intel Shares as Funds Increase Stakes
Several funds increased their Intel holdings through additional share purchases, keeping large positions valued in the hundreds of thousands of dollars each. CEO Lip-Bu Tan bought 105,263 Intel shares for about $10 million, boosting his stake by 8.7%. Analysts raised Intel price targets and pointed to an approximately $20 billion equity raise as potential support for foundry capacity.