U.S. President Donald Trump demanded the resignation of Intel's CEO, Lip-Bu Tan, citing conflicts of interest. Trump made his claim on social media without providing evidence. The demand followed a letter from Senator Tom Cotton, questioning Tan's connections to China and previous leadership at Cadence Design Systems, which served a Chinese military university. Tan, who became CEO in March, has been restructuring Intel by cutting jobs and focusing on efficiency. Intel is also involved in the Biden administration's CHIPS Act, with plans for significant investments in U.S. manufacturing facilities.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!"
Republican Senator Tom Cotton wrote to Intel's board of directors, asking about Tan's alleged ties to China, his investments in the country, and raised concerns about his time leading Cadence Design Systems.
Collection
[
|
...
]