Trump demands CEO of Intel resign over ties to China

Tan was named Intel CEO conscionable 5 months ago. | Image: Bloomberg via Getty Images

President Donald Trump has called for Lip-Bu Tan to instantly resign arsenic Intel’s CEO implicit his reported ties to Chinese tech firms. The request follows Arkansas Senator Tom Cotton questioning Intel’s committee chairman whether Tan’s alleged connections to China would struggle with information regulations.

“The CEO of INTEL is highly CONFLICTED and indispensable resign, immediately,” Trump posted connected Truth Social. “There is nary different solution to this problem. Thank you for your attraction to this problem!”

Tan was named Intel’s CEO successful March to overhaul the struggling chipmaker’s business, aft the committee ejected his predecessor, Pat Gelsinger, 3 and a fractional years into a projected four-year turnaround plan. Under Gelsinger, Intel fell further down TSMC arsenic its rival capitalized connected EUV lithography — exertion that Intel had invested successful processing — to instrumentality the pb successful next-generation chips and AI. Last month, Intel said it’s laying disconnected 24,000 employees this year and axing planned projects successful Germany and Poland.

 In April, Reuters reported that Tan had antecedently invested successful much than 600 Chinese tech firms, immoderate of which were connected to China’s military, but had divested successful an unconfirmed fig of positions with Chinese entities astatine the clip of reporting.

In a connection to Reuters connected Wednesday, Intel said that the institution and Tan “are profoundly committed to the nationalist information of the U.S. and the integrity of our relation successful the U.S. defence ecosystem.”