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US President Donald Trump has called on Intel CEO Lip-Bu Tan to resign, citing concerns over Tan’s alleged connections to China. “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 in a post on Truth Social on Thursday.
The US President’s remarks came shortly after Arkansas Republican Senator Tom Cotton raised alarms about Tan’s purported links to China, CNN reported. Cotton reportedly questioned Intel’s leadership and its impact on US national security during a recent letter to Intel board Chair Frank Yeary.
Cotton’s letter, the report said, drew references from a recently published Reuters report detailing Tan’s personal and venture fund investments in hundreds of Chinese companies, with some reportedly linked to Chinese military. The American senator stressed the importance of companies receiving the US government grants to maintain strict security and transparency.
“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 wrote in a post on X.
Intel and Lip-Bu Tan were yet to comment on these allegations.
Meanwhile, Intel’s stock dropped nearly five percent during premarket trading, reflecting investor concerns over the controversy.
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