Intel CEO Lip-Bu Tan Sells Large Block of Credo Technology Group Shares
San Jose, CA – June 17, 2025 – Lip-Bu Tan, the Chief Executive Officer of Intel Corporation, has recently executed a significant sale of shares in Credo Technology Group (NASDAQ: CRDO), a company specializing in high-speed connectivity solutions. This transaction, disclosed in recent SEC filings, is part of Tan’s extensive personal investment portfolio and is not directly related to Intel’s operational performance or stock.
According to the latest Form 4 filing with the U.S. Securities and Exchange Commission on June 9, 2025, Tan, who also serves as a Director at Credo Technology Group, sold 75,000 shares of CRDO. The total value of this transaction is reported to be approximately $5.64 million. Following the disclosure, Credo Technology Group’s shares saw a slight downturn, trading down by about 4.7%.
This is not an isolated event in Tan’s investment history. Public records indicate a consistent pattern of share sales from Credo Technology Group since 2021, totaling an estimated $251.1 million from the sale of 7.8 million shares. His portfolio also includes significant holdings and past transactions in other tech companies, notably Cadence Design Systems (CDNS), where he previously held leadership positions. Tan’s extensive career as a venture capitalist and founder of firms like Walden International and Walden Catalyst has seen him invest in numerous technology companies globally.
Potential Insider Selling Allegations and Broader Activity:
The substantial volume of sales by high-ranking executives and directors, while often a normal part of personal financial management, can sometimes draw scrutiny regarding potential insider selling allegations. While there is no current public accusation of illegal insider trading against Mr. Tan specifically related to Credo, the sheer scale and consistency of his sales, alongside those of other insiders, warrant closer observation by market participants.
Indeed, SEC filings show that Mr. Tan is not the only insider at Credo Technology Group who has been selling shares. Since 2021, there have been a total of 453 insider trades reported at CRDO, with 2.9 million shares sold by insiders and no shares purchased. Prominent individuals engaged in sales include Chin-Chi Teng, Aneel Zaman, and Paul Cunningham. The most recent insider sale, aside from Mr. Tan’s, was a transaction by Ita M. Brennan on June 10, 2025. This collective selling activity, particularly without corresponding insider purchases, is often noted by analysts and investors as a signal to watch for.
Insider sales by executives can occur for various reasons, including personal financial planning, diversification of assets, or rebalancing investment portfolios. Such transactions are common among high-ranking corporate leaders and do not necessarily signal a negative outlook on the company whose shares are being sold. In this instance, the sales pertain to Credo Technology Group, a separate entity from Intel, where Tan holds a board position.
Meanwhile, at Intel, CEO Lip-Bu Tan is focused on executing his strategy to revitalize the chip giant. Since taking the helm in March 2025, Tan has emphasized a commitment to refocusing Intel on its core chip businesses, expanding its foundry services, and streamlining operations. Recent announcements from Intel, such as upcoming factory layoffs, are part of this broader strategy aimed at enhancing efficiency and competitiveness within the semiconductor industry. These internal strategic moves at Intel are distinct from Tan’s personal investment activities in other companies.
Investors in both Credo Technology Group and Intel Corporation will continue to monitor financial disclosures and company statements for insights into their respective performances and strategic directions.