Trump Demands Intel CEO Resign Over China Ties Amid Share Drop

President Trump has called for the immediate resignation of Intel CEO Lip-Bu Tan, citing concerns over Tan's extensive investments in Chinese companies with alleged ties to the Chinese Communist Party and the People's Liberation Army. The demand followed a letter from Republican Senator Tom Cotton to Intel's board chairman, highlighting Tan's control over numerous Chinese firms and potential conflicts of interest, especially given Intel's receipt of significant U.S. government funding under the CHIPS Act. Trump described Tan as "highly conflicted" and emphasized the need for American companies receiving taxpayer money to be led by individuals who can be fully trusted. Intel's stock dropped more than 3% after the president's public call for Tan's resignation, though the company has not yet issued a response. The White House reaffirmed its commitment to national and economic security, underscoring the importance of leadership in critical technology sectors. Additional criticism came from Senator Rick Scott, who echoed concerns about Intel's stewardship of government grants and its hiring choices amid job cuts in the U.S.