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US President Donald Trump on Thursday called for the immediate resignation of Intel CEO Lip-Bu Tan, citing alleged ties to China that he claimed pose a national security risk.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!” Trump wrote on Truth Social.
His remarks follow heightened scrutiny from Republican lawmakers, including Senator Tom Cotton of Arkansas, who earlier this week raised alarm over Tan’s reported financial involvement in Chinese companies. In a letter to Intel board Chair Frank Yeary, Cotton referenced a Reuters report from April which revealed that Tan, both personally and through venture funds, has invested in hundreds of Chinese firms, including some with links to the Chinese military.
“The new CEO of @intel reportedly has deep ties to the Chinese Communists. US companies who receive government grants should be responsible stewards of taxpayer dollars and adhere to strict security regulations. The board of @Intel owes Congress an explanation,” Cotton posted on X, sharing a copy of his letter.
As per reports by CNN, shares of Intel (INTC) fell nearly 5 per cent in premarket trading.
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