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Trump vs Intel: CEO Under Fire
Benzinga
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5 months ago
Intel’s stock is sinking after Trump demanded the CEO resign over alleged China ties — just weeks after the company secured an $8.5B federal grant. With chip setbacks and major losses piling up, is Intel in trouble or is this all political smoke?
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00:00
Trump just called for Intel's CEO to resign, but why?
00:03
Intel's stock dropped to around $20 this morning,
00:06
and with Trump now weighing in, things might get worse.
00:09
His issue? National security risks tied to Intel's CEO.
00:13
Liputon is under pressure after alleged ties to China,
00:16
right after Intel secured an $8.5 billion federal grant.
00:21
Meanwhile, the company's new 18A chip project hit a quality setback,
00:25
and their foundry division lost $18.8 billion last year.
00:29
So now Trump is saying there is no other solution but for time to step down.
00:34
Is Intel collapsing from the inside, or is this all just political smoke?
00:37
Drop your thoughts below.
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