Shares Intel President Donald Trump said in a social media post that the chipmaker’s CEO needed to resign.
Trump posted on “Society of Truth”: “Intel’s CEO is highly conflicting and must resign immediately.” “There is no other solution. Thank you for your attention to this issue!”
Trump posted the post after Senator Tom Cotton sent a letter to Intel Chairman Frank Yeary, expressing concern about CEO Lip-bu Tan’s investments and connections with semiconductor companies, reportedly linked to the Communist Party of China and the People’s Liberation Force, and asked if Tan’s interests in these companies eliminate any conflict of interest.
Intel did not immediately respond to a request for comment, so it is unclear whether Tan has divested its interests in the company.
“In March 2025, Intel appointed Lip-Bu Tan as its new CEO,” Cotton wrote in the letter. “Mr. Tan reportedly controls dozens of Chinese companies and has a place among hundreds of Chinese advanced manufacturing and chip companies. At least eight of them are reportedly linked to the People’s Liberation Army of the Chinese People.”
Tan, who Take over as CEO in Marchpreviously launched venture capital firm Walden International in 1987, focusing on funding technology startups, including chip manufacturers. China’s state media said Tan is “actively” committed to the Chinese and Asian markets, not only investing in Taiwan Semiconductor Manufacturing The company is also a state-owned enterprise in China, which aims to promote China’s chip manufacturing capabilities.
As economic and political competition between the United States and China pays more and more attention to bargaining chips, artificial intelligence and other digital technologies, experts say will shape competition in future economic and military conflicts, Trump and cotton’s demands are increasingly focused on bargaining chips, artificial intelligence and other digital technologies.
Senate Intelligence Committee Chairman Cotton raised concerns that Chinese spies could work in tech companies and defense contractors, using their positions to steal secrets or factory digital backdoors, allowing China to access confidential systems and networks.
Arkansas Republicans wrote to the Department of Defense Thursday, urging defense secrets Pete Hegseth to ban all non-U.S. citizens from their jobs so they can access the Department of Defense. He also requested an investigation of Chinese citizens working in defense contractors.
“The U.S. government recognizes that China’s cyber capabilities pose one of the most aggressive and dangerous threats to the U.S., which is a testament to the penetration of our critical infrastructure, telecommunications networks and supply chains,” Cotton wrote in an earlier letter to the Pentagon, which called for an investigation.
National security officials have linked the Chinese government to campaigns against prominent American Americans and key American institutions.
“American companies receiving government grants should be responsible stewards responsible for taxpayers’ dollars and comply with strict safety regulations.” Written x on social platforms.
Intel, a former beneficiary of the Biden administration’s “Share Act”, received more than $8 billion in federal funding to build computer chip factories across the country.
California Company’s shares fell 3.5%, while the market, especially technicians Nasdaqgot the ground.
Founded in 1968 in PC Revolution, Intel missed the technological shift in mobile computing triggered by Apple’s 2007 iPhone release, and it lags behind more agile chip makers. Intel’s troubles have been amplified since the advent of AI – a thriving field Nvidia It has become the most popular product in technology.
Intel is abandoning thousands of workers and cutting costs (including some domestic semiconductor manufacturing capabilities) as Tan tries to restore the fate of struggling chip makers.
