Intel Pours Another $15M Into SambaNova, Its CEO's Startup
Intel plans to boost its stake in chip startup SambaNova to 9% with a fresh $15M investment.
Intel is planning to sink another $15 million into SambaNova, the chip startup chaired by Intel's own CEO Lip-Bu Tan. The move would bump Intel's stake in the company to 9%.
This isn't the first check Intel has written here. The chipmaker already invested $35 million in SambaNova back in February. The latest planned infusion signals a deepening financial relationship between the semiconductor giant and a startup led by its top executive.
The overlap between Intel's CEO and SambaNova's chair makes this an unusually cozy arrangement in the chip world. Documents revealed the planned investment, raising questions about how the two entities will navigate the intertwined leadership going forward.
No word yet on SambaNova's current valuation or how the fresh capital will be deployed.