Donald Trump called for the immediate resignation of Intel CEO Lip-Bu Tan on social media, following criticism from Senator Tom Cotton regarding Tan's connections to Chinese companies. Tan, who became CEO in March, faces scrutiny over his past as CEO of Cadence Design, where unlawful actions related to China occurred. Intel shares dropped over 3% after Trump's post. Concerns raised include Tan's investments in Chinese firms and implications for national security, given Intel's critical role in the defense ecosystem.
"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!"
"The simple fact is that Mr. Tan is unqualified to serve as the head of any company competing against China, let alone one with actual intelligence and national security ramifications like Intel."
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