Trump demands 'highly conflicted' Intel CEO resign over China ties [View all]
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Source: Reuters
U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon.
Reuters reported exclusively in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military.
Trump's comments came a day after Reuters was first to report that Republican Senator Tom Cotton had sent a letter to Intel's board chair with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a post on his Truth Social platform, sending Intel shares (INTC.O)
, opens new tab down nearly 3% in late morning trading.
Read more: https://www.reuters.com/world/china/trump-demands-highly-conflicted-intel-ceo-resign-over-china-ties-2025-08-07/
I'm certain the real reason is because Intel refused to pay a "tribute" to tRump and the GQP.
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