Intel CEO Lip-Bu Tan buys $10M in shares at $95 each via family trust

Published Aug 15, 12:50 PM UTC

Intel CEO Lip-Bu Tan purchased $10 million worth of Intel shares at $95 each through a family trust, matching the price paid by public investors in Intel's concurrent $20 billion secondary offering. This voluntary open-market purchase increases his beneficial stake to over 1.3 million shares, worth more than $130 million. The move signals strong insider confidence in Intel's turnaround, which has seen shares rally 177% in 2026. Intel's AI-linked businesses now generate 60% of total revenue, and Q2 sales reached $16 billion, up 25% year-over-year. The purchase is notable as it occurred after a significant stock price increase, contrasting with typical insider selling at peaks.