Trump calls on 'highly conflicted' Intel CEO to resign over China ties

AWANI

U.S. President Donald Trump on Thursday (August 7) demanded the immediate resignation of Intel's new CEO, Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about the future of the American chip icon.

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00:00U.S. President Donald Trump on Thursday demanded the immediate resignation of Intel's new CEO Leip Bu Tan,

00:07calling him highly conflicted due to his ties to Chinese firms and raising doubts about the future of the American cheap icon.

00:14A change in leadership could pile pressure on the company as it pushes through a major strategic reset started by Tan

00:20that aims to slash costs by shrinking its workforce and halting construction on some of its planned manufacturing plants.

00:28Trump's comments came a day after Reuters reported U.S. Republican Senator Tom Cotton had sent a letter to Intel's board chair

00:34with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design.

00:42Reuters reported in April that Tan himself, or through venture funds he has founded or operates,

00:47invested in hundreds of Chinese companies, some of which are linked to the Chinese military.

00:52There is no other solution to this problem, Trump said in a post on his Truth Social platform,

00:59knocking shares of Intel down around 4% in U.S. pre-market trading.

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