Intel's stock tumbles after Trump says its CEO must resign
Briefly

Senator Tom Cotton wrote to Intel Chairman Frank Yeary regarding CEO Lip-Bu Tan's potential conflicts of interest stemming from investments in semiconductor firms associated with the Chinese Communist Party and the People's Liberation Army. President Trump subsequently called for Tan's immediate resignation, amplifying concerns over his ties. Tan, who became Intel's CEO in March, allegedly controls numerous Chinese firms and was previously connected to Cadence Design Systems, which recently admitted guilt for violating export regulations by disseminating technology to Chinese military-linked organizations.
Sen. Tom Cotton's letter to Intel highlights concerns over CEO Lip-Bu Tan's ties to semiconductor firms associated with the Chinese Communist Party and the People's Liberation Army.
President Trump called for the resignation of Intel's CEO due to alleged conflicts of interest connected to investments in companies with ties to the Chinese military.
Lip-Bu Tan was appointed as CEO of Intel in March 2025, yet he reportedly controls numerous Chinese companies linked to military entities, raising alarming concerns.
Cadence Design Systems, led by Tan previously, acknowledged guilt for violating U.S. export controls by selling technology to organizations associated with China's National University of Defense Technology.
Read at Boston.com
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