TL;DR
Intel Chief Executive Continues Divesting Position in High-Speed Connectivity Company Where He Serves as Director
June 23, 2025
Intel Corporation CEO Lip-Bu Tan has sold approximately $18 million worth of shares in Credo Technology Group over recent weeks, continuing a pattern of stock sales in the high-speed connectivity solutions company where he serves as a board director.
Recent Transaction Details
According to SEC filings, Tan executed multiple large sales of Credo Technology (NASDAQ: CRDO) shares throughout June 2025. The most significant transactions included:
- 171,473 shares sold on June 16 at an average price of $77.80, totaling $13.36 million
- 54,297 shares sold on June 18 at an average price of $86.38, worth $4.69 million
- Additional smaller transactions bringing the total to approximately $18 million
Market Performance Context
Credo, a provider of high-speed connectivity solutions, has climbed more than 9% year to date, significantly outperforming Intel shares during the same period. By contrast, Intel shares have traded flat in the same period and are down around 22% since Tan took over as CEO on March 18.
The stark performance difference between the two technology companies highlights the challenges Tan faces in his role as Intel’s chief executive, while his other investments continue to perform well.
Tan’s Dual Roles
Tan serves as both Intel’s CEO, a position he assumed in March 2025, and as a director of Credo Technology Group. This dual role has created an interesting dynamic where his success as an investor in Credo contrasts with the struggles facing Intel under his leadership.
The appointment as Intel CEO came three months after the company ousted former CEO Pat Gelsinger, whose costly and ambitious plan to turn the company around was faltering and sapping investor confidence.
Intel’s Current Challenges
Intel cut jobs and issued weak forecasts in April, citing ongoing challenges as the company continues to struggle with its transformation efforts. The chipmaker has been working to establish itself as a major foundry player while competing in an increasingly AI-focused semiconductor market.
About Credo Technology
Credo Technology Group specializes in high-speed connectivity solutions for data infrastructure markets. The company has benefited from the growing demand for faster data transfer capabilities driven by artificial intelligence applications and expanding data center requirements.
Remaining Holdings
Despite the sales, Tan maintains a significant stake in Credo through various investment vehicles, reflecting ongoing confidence in the company’s long-term prospects even as he diversifies his portfolio. The insider selling is part of a broader trend among Credo executives, who have also been selling shares amid the stock’s strong performance and record highs. However, these sales have been executed under pre-arranged trading plans, mitigating concerns about insider trading.