Lip-Bu Tan addressed Intel employees, affirming his commitment to the company amid political pressure from Trump, who demanded his resignation due to national security concerns over Tan's investments in Chinese companies. Tan emphasizes his integrity and the importance of Intel to U.S. economic and national security. Despite the backlash, including a 3% drop in Intel stock, Tan reassured employees of his leadership role and positioned Intel's advancements in semiconductor manufacturing as key for the country. He pledged to work with the Trump administration to clarify the facts regarding his investments.
In a companywide email, published on Intel's blog Thursday, Tan defended his integrity and reaffirmed his commitment to leading the largest US chipmaker through a critical transformation. "Leading Intel at this critical moment is not just a job - it's a privilege."
Tan denied any wrongdoing and said that he has always operated "within the highest legal and ethical standards." His statement follows a storm of political pressure. Trump's attack, posted on Truth Social Thursday, came two days after GOP Sen. Tom Cotton flagged Tan's prior investments in Chinese companies.
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