President Donald Trump has publicly demanded the immediate resignation of Intel CEO Lip-Bu Tan, citing alleged problematic ties to China and concerns over national security. This unusual move comes as Intel, a recipient of billions in US government funds for semiconductor manufacturing, faces scrutiny over its leadership amidst efforts to boost domestic chip production.

• Trump accused CEO Lip-Bu Tan of being “highly conflicted” due to alleged investments in companies tied to the Chinese military.
• Intel stated its deep commitment to advancing US national and economic security interests, emphasizing investments aligning with Trump’s “America First agenda.”
• Shares in Intel fell more than 3% following the attack, highlighting the immediate financial impact of Trump’s criticism.