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Why Intel Stock Is Plummeting Today

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69% Informative

The chipmaker's stock had lost 8.7% as of 12:20 p.m. ET .

The drop comes as the S&P 500 and Nasdaq Composite both lost more than 5% .

A report from Reuters revealed that Intel CEO Lip-Bu Tan has extensive investment connections to Chinese companies.

Some Chinese companies that Tan has invested in have ties to the Chinese military.