Amidst heightening tensions with China, U.S. President Donald Trump on Thursday insisted that Intel’s CEO, Lip-Bu Tan, should step down, accusing Tan of harboring conflicts of curiosity.
“The CEO of INTEL is extremely CONFLICTED and should resign, instantly. There is no such thing as a different answer to this drawback. Thanks to your consideration to this drawback!” Trump wrote on his social media platform, Fact Social.
Trump didn’t share any proof or particulars of why Tan could have conflicts of curiosity.
Trump’s submit comes after Republican Senator Tom Cotton on Wednesday wrote to Intel’s board of administrators, asking about Tan’s alleged ties to China, his investments within the nation, and raised considerations about his time main Cadence Design Methods, which had a Chinese language army college as a buyer.
Tan, who took over the helm in March, has been specializing in enhancing effectivity on the chipmaker, which has misplaced floor to firms like Nvidia and AMD within the AI chip race. Tan has since laid off hundreds of workers, spiked plans for brand new manufacturing vegetation, and is making an attempt to promote non-core subsidiaries as he tries to return the corporate to being an engineering-first enterprise.
Notably, Intel was a serious a part of the Biden administration’s CHIPS Act, promised nearly $8 billion to arrange manufacturing and packaging initiatives in amenities throughout Arizona, New Mexico, Ohio, and Oregon.
Intel didn’t instantly return a request for remark.
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