Trump called for the immediate removal of Intel CEO Lip-Bu Tan in a social media post Thursday. The post follows criticism of Tan by Arkansas Senator Tom Cotton, who has questioned his ties to China. Tan was named CEO of Intel in March.
Intel shares were down more than 3% in mid-morning trading Thursday after Donald Trump called on social media for the company’s CEO to “resign, immediately.”
Lip-Bu Tan was named CEO of Intel in March, replacing Pat Gelsinger. Sen. Tom Cotton (R-Ark.) has questioned Tan’s ties to Chinese companies in recent days and has raised concerns about a criminal case at Cadence Design, where Tan served as CEO until 2021 in a letter sent to the company’s chairman Wesnesday.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other