Donald Trump demands Intel CEO must resign immediately, says no other solution to alleged China link
According to a Reuters report, Tan had invested over $200 million in hundreds of Chinese tech and chipmaking firms between 2012 and 2024. A source claimed that Tan later sold many of those investments, but public records in China still list him as being involved with some companies as recently as this year.Intel responded with a short statement, saying both the company and Tan are committed to protecting US national security. The company said it plans to work with lawmakers and address their questions.Amid all this, the issue has already affected Intel's stock. After Trump's post went viral, Intel shares dropped more than 3 per cent in premarket trading before the stock market opens in New York. It's unclear whether the controversy will lead to any immediate changes at the company, but it doesn't look like it's going to disappear anytime soon.- Ends
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