President Trump says Intel’s new CEO “must resign immediately”

Former President Donald Trump has publicly called for Lip-Bu Tan, the recently appointed CEO of Intel, to step down from his position, citing significant conflicts of interest. In a post on his Truth Social platform, Trump stated, "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem." Trump's remarks come in the wake of a letter from Republican Senator Tom Cotton, who expressed apprehension regarding the security and integrity of Intel's operations, particularly concerning Tan's connections to China. While the specifics of Tan's alleged conflicts were not detailed in Trump's post, concerns have been raised about his extensive investment history in Chinese technology firms. Tan, through his venture capital firm based in San Francisco, has invested significantly in Chinese tech, including Semiconductor Manufacturing International Corp, the country's largest chip manufacturer. Before his current role at Intel, Tan led Cadence Design Systems, which recently faced scrutiny for breaching U.S. export controls by selling chip design tools to a Chinese university linked to military operations.