Intel CEO Lip-Bu Tan buys the dip, investing $9.7 million despite losses on earlier purchase...

Intel CEO Lip-Bu Tan purchased 150,000 shares for $9.7 million days after the company recorded its steepest one-day decline since 1974.

The purchase raises his total investment since August to nearly $20 million, although the combined position shows a paper loss of roughly $4.8 million.