Trump Says Intel Ceo Lip-bu Tan Must ‘resign Immediately’

Amidst heightening tensions pinch China, U.S. President Donald Trump connected Thursday insisted that Intel’s CEO, Lip-Bu Tan, must measurement down, accusing Tan of harboring conflicts of interest.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is nary different solution to this problem. Thank you for your attraction to this problem!” Trump wrote connected his societal media platform, Truth Social.

Trump did not stock immoderate grounds aliases specifications of why Tan whitethorn person conflicts of interest.

Trump’s station comes aft Republican Senator Tom Cotton connected Wednesday wrote to Intel’s committee of directors, asking astir Tan’s alleged ties to China, his investments successful nan country, and raised concerns astir his clip starring Cadence Design Systems, which had a Chinese subject assemblage arsenic a customer.

Tan, who took complete nan helm successful March, has been focusing connected improving ratio astatine nan chipmaker, which has mislaid crushed to companies for illustration Nvidia and AMD successful nan AI spot race. Tan has since laid disconnected thousands of staff, spiked plans for new manufacturing plants, and is trying to sell non-core subsidiaries arsenic he tries to return nan institution to being an engineering-first venture.

Notably, Intel was a awesome portion of nan Biden administration’s CHIPS Act, promised almost $8 billion to group up manufacturing and packaging projects successful accommodation crossed Arizona, New Mexico, Ohio, and Oregon.

Intel did not instantly return a petition for comment.