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Intel CEO rejects Donald Trump's resignation demand, defends record and commitment to US security

Intel CEO rejects Donald Trump's resignation demand, defends record and commitment to US security

India Todaya day ago
Intel CEO Lip-Bu Tan has pushed back against calls by US President Donald Trump to step down, saying he remains committed to the company and to protecting US national security. Trump, writing on his Truth Social account yesterday, claimed that Tan was 'highly CONFLICTED' and should resign 'immediately,' citing concerns about his past investments in Chinese technology firms and his leadership at Cadence Design Systems, which recently admitted to violating US export laws by selling chip design tools to a Chinese military university. The remarks have sparked political and market turmoil, with Intel shares falling more than 3 per cent in premarket trading after Trump's post went viral.advertisementTan, who took over as Intel's CEO in March 2025, has faced growing scrutiny in Washington over his background. Republican Senator Tom Cotton sent a letter to Intel's board chairman, Frank Yeary, questioning whether the company had properly investigated legal issues linked to Cadence during Tan's time there. Cotton also raised concerns about Tan's personal investments in Chinese semiconductor companies, including some reportedly tied to the People's Liberation Army or the Chinese Communist Party. According to a Reuters report, Tan invested more than $200 million in hundreds of Chinese tech and chipmaking firms between 2012 and 2024. While a source told Reuters he later sold many of those holdings, public records in China still list him as being involved with certain companies as recently as this year.Cotton's letter also focused on Intel's role in the Secure Enclave programme, a US government initiative aimed at securing the domestic microchip supply chain for defence purposes. He argued that, because Intel is receiving taxpayer funding through the programme, the board must ensure full transparency over Tan's ties and require him to divest from any Chinese firms before continuing in his position.
Reactions to Trump's intervention have been mixed. Speaking to Reuters, Anshel Sag, principal analyst at Moor Insights & Strategy, said: 'I believe that POTUS shouldn't be calling for any CEO to be stepping down, especially not one who just took the job this year. I think this all boils down to Lip-Bu's past involvement and investment in Chinese semiconductors, which is also what makes him so valuable as CEO.'Intel issued a short statement in response to the controversy, saying both the company and Tan are 'committed to protecting US national security' and will cooperate with lawmakers to address their concerns. For now, Tan remains in his role, but with political pressure mounting and investor nerves on edge. The debate over his leadership and Intel's future direction is unlikely to end soon.- Ends
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