Trump urges Intel CEO to resign, calls him ‘conflicted'
A Republican senator has asked about investments Mr Tan Lip-Bu made in China before he was picked to run Intel.
WASHINGTON – US President Donald Trump called on the chief executive officer of Intel Corp to resign because of what he called conflicts of interest.
'The CEO of INTEL is highly CONFLICTED and must resign, immediately,' Mr Trump wrote on Truth Social on Aug 7.
'There is no other solution to this problem. Thank you for your attention to this problem!'
This week, Republican Senator Tom Cotton asked the chairman of Intel's board to answer questions about c
hief executive officer Tan Lip-Bu's ties to China , including investments in the country's semiconductor companies and others with connections to the country's military.
In a letter to Mr Frank Yeary, who oversees the chipmaker's board of directors, Mr Cotton asked about investments Mr Tan made in China before he was
picked to run Intel .
Mr Cotton noted specific concerns about Mr Tan's ties to Cadence Design Systems Inc, a tech company he led for over a decade which sold products to a Chinese military university.
The company pleaded guilty in July to violating US export controls by selling hardware and software to China's National University of Defence Technology.
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'Intel and Mr Tan are deeply committed to the national security of the United States and the integrity of our role in the US defence ecosystem,' the company said in a statement on Aug 6.
Intel said it would address the matters in the letter with the senator.
Intel shares fell 3.4 per cent in premarket trading before markets opened in New York. BLOOMBERG
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