Donald Trump has called for the resignation of Intel CEO Lip-Bu Tan, accusing him of having ties to China that conflict with US interests. Trump's comments suggest concerns about Tan's investments in companies linked to the Chinese military. Intel, which has received significant US government funding, maintains its commitment to US economic security. Tan was appointed to revitalize the company, which has faced challenges, including job cuts and reduced manufacturing investments. Following Trump's statements, Intel shares fell, reflecting investor concerns over the company's leadership amid rising tariffs.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump wrote.
Intel, the Board of Directors, and Lip-Bu Tan are deeply committed to advancing US national and economic security interests, adding "We look forward to our continued engagement with the administration."
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