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US President Donald Trump called for Intel CEO Lip-Bu Tan to resign over alleged ties with the Chinese Communist Party. Trump’s remarks caused Intel shares to drop over 3 percent.
Trump calls out for Intel’s CEO immediate resign.
US President Donald Trump has openly called for Intel’s Chief Lip-Bu Tan to step down immediately for allegedly having ties with the Chinese Communist Party. In his social platform Truth Social, Trump said 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!”
Trump’s remark sent shockwaves through Intel investors, with shares crashing down over 3 percent immediately.
His comments came a day after he threatened to impose 100 per tariff on imported semiconductors and chips. The move is expected to have a positive impact on Intel, which is one of the largest chipmakers in the world.
Lip-Bu Tan is chief executive officer of Intel Corporation and serves on the company’s board of directors. He was appointed to his position in March 2025.
Trump made the post after Senator Tom Cotton wrote a letter to Intel Chairman Frank Yeary, raising concerns about CEO Lip-Bu Tan’s investments and links to semiconductor firms allegedly connected to the Chinese Communist Party and the People’s Liberation Army, as per Guardian report. Cotton also questioned whether Tan had divested from these companies to avoid any potential conflict of interest.
In a statement, the company said that both its board and CEO remain “strongly committed to supporting U.S. national and economic security” and are making major investments that align with the President’s America First agenda.
“Intel has proudly manufactured in the U.S. for over 56 years,” it added, noting the company is looking forward to continued collaboration with the Administration.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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