US EditionTrump calls on Intel CEO to resign over China ties
UNITED STATES, AUG 7 – Trump demands Intel CEO Lip-Bu Tan resign over $200 million invested in Chinese firms with alleged military ties, raising national security and investor concerns, causing stock to drop 4.1%.
- President Trump called for the immediate resignation of Intel CEO Lip-Bu Tan, citing alleged conflicts of interest related to China.
- The move comes a day after Senator Tom Cotton sent a letter to Intel's board chair with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design.
- Intel's stock fell 4% in pre-market trading following Trump's statement, as the tech giant navigates an increasingly tense U.S.-China tech landscape.
306 Articles
306 Articles
The problems pile up with Intel, because he's in Donald Trump's sights, and he's threatening the American company to take it down. Will his CEO resign?
'Frightening': CEOs 'really uncomfortable' with Trump's threats against business leaders
The business world is now starting to speak out against President Donald Trump's hostile attitude toward CEOs who don't do what he likes.That's according to a Thursday article in the Wall Street Journal, which reported that Trump's latest threat against Intel CEO Lip-Bu Tan prompted a strong reaction from several corporate executives. In a Truth Social post this week, Trump demanded Tan "resign immediately" from the company or that Intel's board…
Intel CEO under fire from Washington and its own board
When Lip-Bu Tan took over as Intel’s CEO last March, the market reacted with a 13% stock bump, signaling renewed confidence in the company’s future. But today, after weeks of internal tensions, Intel’s situation has grown even more delicate, now drawing scrutiny from the White House. more…
Trump calls on Intel CEO to resign for alleged ties to China
United States President Donald Trump has demanded the resignation of Intel CEO Lip-Bu Tan following reports and allegations that he has ties to China."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 posted on Truth Social.The call comes just days after Arkansas Republican Senator Tom Cotton raised concerns and pressed the chair of…
Trump Calls On Leading Tech CEO To Resign Over China Ties
President Donald Trump is calling on Intel CEO Lip-Bu Tan to step down immediately after Senate Republicans raised concerns over his links to Chinese firms and a criminal investigation centered on one of his former companies. On Wednesday, Senator Tom Cotton (R-AR) sent a letter to Intel’s board chair that raised questions about the new CEO’s ties with Chinese companies and a criminal probe focused on his former company, Cadence Design. Writing …
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