Intel CEO Lip-Bu Tan Rejects Trump’s Resignation Demand Amid China Tie Scrutiny
Intel CEO Lip-Bu Tan Rejects Trump’s Resignation Demand Amid China Tie Scrutiny
Intel CEO Lip-Bu Tan has publicly defended his professional conduct and investment history, stating he has “always operated within the highest legal and ethical standards,” following former President Donald Trump’s call for his immediate resignation.
Trump took to Truth Social on Thursday, asserting that Tan was “highly CONFLICTED” and must step down. This demand came shortly after Senator Tom Cotton dispatched a letter to Intel Chairman Frank Yeary, raising concerns about Tan’s alleged investments and connections to semiconductor firms reportedly linked to the Chinese Communist Party and the People’s Liberation Army. Cotton’s letter specifically questioned whether Tan, who assumed the CEO role in March, had divested these interests to mitigate potential conflicts.
In response to the escalating pressure, Intel issued a statement reaffirming its commitment to U.S. national and economic security, highlighting its substantial investments aligned with the “America First agenda.” Tan also addressed employees directly, refuting what he termed “misinformation” regarding his past roles at Walden International and Cadence Design Systems, and confirmed that Intel is actively engaging with the Trump administration to provide factual clarity on the matters raised.
The controversy underscores the increasing focus on computer chips, AI, and other digital technologies at the heart of the economic and political rivalry between the U.S. and China. Following the developments, Intel’s stock saw a slight uptick in premarket trading on Friday.
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