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Time of India
28 minutes ago
- Business
- Time of India
Three 'Big Questions' on national security that made Donald Trump ask Intel CEO to resign, saying 'no other solution'
Image credit: Canva President Donald Trump demanded the immediate resignation of Intel CEO Lip-Bu Tan, calling him "highly conflicted" after Senator Tom Cotton raised three critical questions about the executive's investments in Chinese firms linked to the People's Liberation Army. "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump posted on Truth Social, sending Intel shares down nearly 3%. Cotton's letter to Intel's board, sent just one day before Trump's demand, revealed that Tan "reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms," with at least eight companies having ties to the Chinese People's Liberation Army. Three critical questions that sparked Presidential intervention Cotton's August 5 letter posed three specific questions that appear to have triggered Trump's response: "Was the Board aware of Cadence's subpoenas before hiring Mr. Tan as CEO? If so, what measures were taken to address concerns about Cadence's activities under Mr. Tan?" by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn More - How Watching Videos Can Boost Your Income TheDaddest Undo "Did the Board require Mr. Tan to divest from his positions in semiconductor firms linked to the Chinese Communist Party or the People's Liberation Army and any other concerning entities in China that could pose a conflict of interest for Intel's CEO?" "Given Intel's contract under the Secure Enclave program, has Mr. Tan disclosed any remaining investments, professional roles, or other ties to Chinese companies to the U.S. government?" Cotton requested Intel's response by August 15, 2025, citing transparency and national security concerns. "Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations," Cotton wrote, emphasizing Intel's responsibility as a steward of taxpayer dollars. While the company's next steps remain unclear, Trump's public intervention suggests US lawmakers may escalate the matter further if Intel fails to address the concerns. Intel CEO says there has been "Misinformation" about his past Hours after Trump's demand, Tan sent a defiant memo to all Intel employees defending his leadership and dismissing the criticism. "There has been a lot of misinformation circulating about my past roles at Walden International and Cadence Design Systems," he wrote, emphasizing that he has "always operated within the highest legal and ethical standards." The Malaysian-born CEO, who has lived in the US for over 40 years, declared that leading Intel "is not just a job – it's a privilege" and said the company was "engaging with the Administration to address the matters that have been raised and ensure they have the facts." Tan expressed alignment with Trump's security priorities while defending his leadership of the struggling chip giant. But why Trump and US lawmakers want Tan out The executive's deep financial ties to China have become the central issue. Reuters reported in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, with some companies linked to the Chinese military. Adding to the controversy, Cadence Design Systems, where Tan served as CEO until 2021, pleaded guilty last month to illegally selling export-controlled technologies to a Chinese military university. The company agreed to pay over $140 million to resolve US charges over sales that occurred during Tan's tenure. Intel secured $8 billion in CHIPS Act subsidies, the largest grant to a single company, making Tan's Chinese connections particularly problematic for national security officials. The Wall Street Journal reported that Intel's board has stalled recent efforts by Tan to raise new capital, suggesting internal tensions beyond the China controversy. A White House official said Trump "remains fully committed to safeguarding our country's national and economic security," including ensuring American companies are "led by men and women who Americans can trust." AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
a day ago
- Business
- India Today
Intel CEO rejects Donald Trump's resignation demand, defends record and commitment to US security
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 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 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
Time of India
2 days ago
- Business
- Time of India
Intel CEO should resign immediately, no other solution as he is Highly ..., says Donald Trump
President Donald Trump has publicly called for Intel CEO Lip-Bu Tan to resign immediately, alleging a significant 'conflict of interest.' The demand, posted on Trump's Truth Social platform on Thursday (August 7), comes days after US Senator Tom Cotton has sent a letter to the US chipmaker's board chair, seeking clarifications about the new CEO and his alleged ties to Chinese firms. 'The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!' Trump said in a post on Truth Social. Following this statement, Intel's shares dropped by 5% in premarket trading. It is to be noted that Lip-Bu Tan was appointed CEO of the chipmaking giant in March, taking the helm as the company struggled to recover from a period of declining sales under his predecessor, Pat Gelsinger. US Senator sends letter to Intel Board on CEO Lip-Bu Tan's 'China ties' Trump's call for resignation comes just days after Senator Cotton raised concerns about Tan's alleged ties to Chinese companies. Senator Cotton also referenced a recent criminal case involving Cadence Design, a company where Tan served as CEO until 2021. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 1980s, Here She Is Now. The Noodle Box Undo According to a report by news agency Reuters, Cotton expressed 'concern about the security and integrity of Intel's operations and its potential impact on US national security.' In his letter, Cotton specifically asked whether Intel's board was aware of subpoenas sent to Cadence Design during Tan's tenure as CEO, which concluded in 2021. He also sought details on what measures were taken to address those concerns before Tan's hiring at Intel. Cotton further questioned if Intel's board required Tan to divest from Chinese chip firms linked to the Chinese military or Communist Party. He also inquired whether Tan adequately disclosed any other ties to Chinese companies, especially given Intel's critical role in the Secure Enclave program. Realme Buds T200 Review: Vibrant Sound, Sleek Design
India Today
2 days ago
- Business
- India Today
Donald Trump demands Intel CEO must resign immediately, says no other solution to alleged China link
US President Donald Trump has publicly called for Intel's CEO, Lip-Bu Tan, to step down. In a post on Truth Social, Trump wrote, 'The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.' His comments come amid growing concerns in Washington over Tan's past links to China, especially during his time at Cadence Design Systems, a company that recently admitted to breaking US export laws by selling chip design tools to a Chinese military Tan took over as Intel's CEO in March 2025. But now, questions are being raised about whether Intel properly examined his background before appointing him. One of the loudest voices is Republican Senator Tom Cotton, who sent a letter to Intel's board chairman, Frank Yeary. In the letter, Cotton asked whether Intel had looked into legal troubles connected to Cadence when Tan was in charge there. He also raised concerns about Tan's investments in Chinese semiconductor companies, some of which are reportedly linked to the Chinese military or Communist letter also mentioned Intel's involvement in the Secure Enclave programme, which is a US government effort aimed at protecting the country's microchip supply chain for defence use. Since Intel is getting taxpayer money under this programme, Cotton argued that there needs to be full transparency around Tan's past ties and investments. He also wanted to know if the board had required Tan to sell off his interests in any Chinese firms before stepping into his current role. 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 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 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
News18
2 days ago
- Business
- News18
'Highly Conflicted': Trump Says Intel CEO Must Step Down Over Alleged China Ties
Last Updated: Trump described Tan as 'highly conflicted' and said he must step down immediately, posting the message on his social media platform, Truth Social US President Donald Trump on Thursday demanded that Intel CEO Lip-Bu Tan resign, citing alleged ties between Tan and Chinese firms. Trump described Tan as 'highly conflicted" and said he must step down immediately, posting the message on his social media platform, Truth Social. 'The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!," Trump wrote. In his letter, Cotton had expressed worries about the security and integrity of Intel's operations and their potential impact on US national security, Reuters reported. Cotton had asked whether the chipmaker's board was aware of subpoenas issued to Cadence Design, Tan's former company, during his time as CEO, and requested details on any steps Intel took to address these concerns before hiring him. Cotton also questioned whether Intel's board had required Tan to divest from Chinese chip firms linked to the Chinese military or Communist Party. He wanted to know if Tan fully disclosed all ties to Chinese companies, especially since Intel is involved in the Secure Enclave program. This initiative, launched under the Biden administration, aims to secure the supply of microelectronics for US defence purposes. Since Intel receives federal funding for this programme, Cotton had urged the board to clarify Tan's investments, professional roles, or other connections to Chinese firms. 'Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations," Cotton wrote. 'Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations." An Intel spokesperson had responded, saying, 'Intel and Mr. Tan are deeply committed to the national security of the United States and the integrity of our role in the U.S. defense ecosystem." The company had further stated that it would cooperate fully with Senator Cotton and address the concerns raised in his letter. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! view comments Location : Washington D.C., United States of America (USA) First Published: August 07, 2025, 18:48 IST News world 'Highly Conflicted': Trump Says Intel CEO Must Step Down Over Alleged China Ties Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
