Intel shares slump after Trump calls on CEO to resign over China ties
Briefly

Intel's stock fell after President Trump publicly called for CEO Lip-Bu Tan's resignation, citing concerns over Tan's investments in firms linked to the Chinese Communist Party. Senator Tom Cotton also wrote to Intel's chairman regarding possible conflicts of interest posed by Tan's ties to these companies. Tan, who became CEO in March 2025, reportedly has significant investments in numerous Chinese firms associated with advanced manufacturing and chip production. The situation reflects the growing tensions between the U.S. and China over technology and national security.
Trump posted, "The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem." This call for resignation comes amid concerns regarding the CEO's ties to companies linked with the Chinese Communist Party.
Senator Tom Cotton expressed concerns about CEO Lip-Bu Tan's investments in semiconductor firms associated with the Chinese Communist Party and questioned whether he divested these interests.
Cotton's letter informed the Intel board about Tan's control over several Chinese companies and stakes in many that have ties to the Chinese People's Liberation Army.
Tan has a history of investing in key tech start-ups and managing significant interests in China, which has raised alarms amid U.S.-China tensions related to technology.
Read at Fortune
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