Tan had pitched Intel’s board on buying Rivos in the summer of 2025, but he had no luck. [ Lip-Bu Tan, Intel CEO with Silicon Valley’s toughest turnaround jobOpens in new window ]Intel declined to make Tan available for an interview for this story. Those connections have helped Intel clinch a $5 billion investment from Nvidia and a $2 billion investment from SoftBank. Soon after his appointment as CEO, Tan took direct control of Intel’s investment arm, Intel Capital, reversing a plan to spin it off. Instead, he reorganised the company so that Intel Capital would report to him, according to two of the sources, for reasons Intel has not disclosed.
