President Donald Trump is calling for a major leadership change at Intel, asking CEO Lip-Bu Tan to resign over alleged financial ties to Chinese firms.
The call came Thursday through Trump's Truth Social post, where he claimed Tan was "highly conflicted" and insisted he must "resign immediately."
Trump's strong statement comes shortly after Republican Senator Tom Cotton sent a letter to Intel's board raising concerns about Tan's past investments.
According to reports, Tan has invested over $200 million in Chinese chip companies, some of which may have links to China's military.
This situation has stirred up worry among lawmakers and investors, especially because Intel recently received $8 billion from the US government through the CHIPS Act to boost domestic chip production, Reuter