Business

Intel’s newest director buys a large amount of stock


On the heel of

smart

CEO buy shares of the companyThe chip giant’s newest director also buys shares.

Lip-Bu Tan, who joined Intel’s board of directors (code: INTC) on September 1 paid $1.35 million on November 8 for 48,146 shares, the average price was $27.98 per share, according to filings with the Securities and Exchange Commission. Tan currently owns 50,500 Intel shares in his personal account.

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