By MICHELLE CHAPMAN, Related Press Enterprise Author
Intel’s shares are tumbling earlier than markets opened Thursday after President Donald Trump stated in a social media submit that the chipmaker’s CEO must resign.
“The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Reality Social. “There is no other solution to this problem. Thank you for your attention to this problem!”
Trump made the submit after Senator Tom Cotton despatched a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor corporations which might be reportedly linked to the Chinese language Communist Occasion and the Folks’s Liberation Military.
Cotton particularly known as out Tan’s latest management of Cadence Design Programs within the letter. The tech firm admitted in July to promoting its merchandise to China’s Nationwide College of Protection Expertise in violation of U.S. export controls.
“In March 2025, Intel appointed Lip-Bu Tan as its new CEO,” Cotton wrote within the letter. “Mr. 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.”
Intel’s inventory dropped greater than 4% in premarket buying and selling.
Initially Revealed: August 7, 2025 at 8:34 AM EDT
