00:00Intel chief executive Lip Bu Tan, on Thursday, said the chipmaker is engaging with the U.S.
00:07administration to clarify concerns and ensure accurate information is provided after President
00:13Donald Trump demanded his immediate resignation earlier in the day. Trump called the CEO
00:18highly conflicted due to his ties to Chinese firms, raising doubts about plans to turn around
00:24the struggling chipmaker. In a statement, Tan said there has been a lot of misinformation circulating
00:30about his past roles at Walden International and Cadence Design Systems. He also stressed that the
00:37United States has been his home for over 40 years and that he is profoundly grateful for the
00:42opportunities it has given him. He added that he fully shares Trump's commitment to advancing U.S.
00:47national and economic security and is proud to lead a company so central to these goals.
00:52The Malaysia-born tech industry veteran took the helm at struggling Intel in March,
00:58announcing layoffs as White House tariffs and export restrictions muddied the market.
01:03He has previously said it won't be easy to overcome challenges faced by the company.
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