Intel CEO Lip-Bu Tan has gained full backing from the board following President Trump’s call for his resignation due to alleged Chinese connections. Tan asserts his record of legality and ethics while working in the semiconductor industry. He has proactively reached out to the White House to provide clarification, recognizing misinformation surrounding his previous roles. The situation is intensified by the company's ongoing financial challenges and Republican Senator Tom Cotton’s inquiries about Tan's connections to Chinese military-related investments.
"We are engaging with the Administration to address the matters that have been raised and ensure they have the facts," the CEO said in an update to employees.
Tan emphasized that he has always operated within the highest legal and ethical standards. He has built relationships worldwide within the diverse ecosystem of the semiconductor industry.
I fully share the President's commitment to advancing U.S. national and economic security," Tan wrote to his employees.
The timing of the allegations is particularly sensitive. Intel has been struggling with financial problems and competitive pressure for months.
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