Donald Trump has sought intervention in Intel's operations, potentially considering a financial stake from the US government in the company. These discussions follow Trump's call for Intel CEO Lip-Bu Tan to resign, motivated by Senator Tom Cotton's claims that Tan has connections to the Chinese Communist Party and controlled various related companies. This includes a history of illegal activities associated with Tan's previous position that raise concerns regarding compliance with US national security laws. Cotton is demanding clarity on Tan's ties and obligations under the CHIPS Act.
Donald Trump has been meddling with Intel, which now apparently includes mulling "the possibility of the US government taking a financial stake in the troubled chip maker."
Trump's demand for Intel CEO Lip-Bu Tan to resign followed a letter from Senator Tom Cotton accusing Tan of having "concerning" ties to the Chinese Communist Party.
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