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South China Morning Post
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- South China Morning Post
Trump demands CEO of US chipmaker Intel resign ‘immediately'.
US President Donald Trump demanded on Thursday that the new boss of US chipmaker Intel resign 'immediately,' after a Republican Senator raised national security concerns over his links to firms in China. 'The CEO of Intel is highly conflicted and must resign, immediately. There is no other solution to this problem,' Trump posted on his Truth Social platform, a day after Senator Tom Cotton said he had written to Intel questioning ties between CEO Lip-Bu Tan and Chinese firms. Tan 'reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army', Cotton wrote in his letter, a copy of which he posted on his website. Intel's CEO Lip-Bu Tan took the helm at struggling Intel in March, announcing lay-offs as White House tariffs and export restrictions muddied the market. Photo: Reuters Cotton also noted Tan's role as the previous head of Cadence Design Systems, which he said recently 'pleaded guilty to illegally selling its products to a Chinese military university and transferring its technology to an associated Chinese semiconductor company without obtaining licences'. Tan was head of the company at that time, Cotton said. The Malaysia-born tech industry veteran took the helm at struggling Intel in March, announcing lay-offs as White House tariffs and export restrictions muddied the market. He has said it 'won't be easy' to overcome the challenges faced by the company.
The Standard
3 hours ago
- The Standard
Trump says he will pick a 'temp' replacement for Fed's Kugler in days
U.S. President Donald Trump speaks after signing the VA Home Loan Program Reform Act at the White House in Washington, D.C., U.S., July 30, 2025. REUTERS/Evelyn Hockstein
The Standard
3 hours ago
- The Standard
S&P affirms China's sovereign credit rating at A+ with stable outlook
A Chinese flag flutters outside the Chinese foreign ministry in Beijing, China February 24, 2022. (Reuters/File)
