Intel's board named Lip-Bu Tan as CEO last year, betting on his deep roots in the chip industry and track record as a longtime investor in promising tech startups. Share Save for later Please log in to bookmark this story. Log In Create Free Account

U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel INTC-Q CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon.

Reuters reported exclusively in April that Tan invested at least US$200-million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military.

Trump’s comments came a day after Reuters was first to report that Rep

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