President Trump called on new Intel CEO Lip-Bu Tan to immediately resign amid allegations of having financial ties to the Chinese military — sending shares of the struggling US chipmaker lower Thursday.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,” Trump wrote in a post on his Truth Social platform Thursday morning.
Intel did not immediately respond to The Post’s request for comment.
Lip-Bu Tan took over as Intel’s chief executive officer earlier this year. REUTERS
Intel shares dropped nearly 2% after the opening bell.
Tan, who was born in Malaysia and grew up in Singapore, took the helm at Intel in March after the software giant ousted Pat Gelsinger following dismal earnings and several rounds of layoffs.
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