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 complete 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 conflict pinch information regulations.

“The CEO of INTEL is highly CONFLICTED and must 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 nan struggling chipmaker’s business, aft nan committee ejected his predecessor, Pat Gelsinger, 3 and a half years into a projected four-year turnaround plan. Under Gelsinger, Intel fell further down TSMC arsenic its competitor capitalized connected EUV lithography — exertion that Intel had invested successful processing — to return nan lead successful next-generation chips and AI. Last month, Intel said it’s laying disconnected 24,000 labor 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 number of positions pinch Chinese entities astatine nan clip of reporting.

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