Intel (INTC) chief executive officer Lip-Bu Tan has backed hundreds of Chinese tech ventures, including at least eight with links to China's military, Reuters reported Thursday, citing a review of Chinese and US regulatory documents.

Tan owns or controls more than 600 entities in China through investment vehicles such as Walden International, Sakarya Limited, and Seine Limited, many of which involve state-affiliated partners, the report said.

Some investors are concerned that Tan's deep involvement in Chinese technology could complicate Intel's efforts to rebuild its leadership in chipmaking, especially its government contracts, the report added.

Tan had begun selling some of his China-related holdings, but corporate databases in China still show many of the positions as active, Reuters quoted one source as saying.

Intel did not immediately respond to MT Newswires' request for comment.

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