Intel CEO Lip-Bu Tan is responding to President Trump's call for him to resign over alleged conflicts related to his ties to Chinese businesses, saying he wants to clear up "a lot of misinformation."

Tan, who became Intel's CEO in March, defended himself in a letter letter addressed to employees and released publicly on Thursday.

Mr. Trump on Thursday accused Tan of being "highly CONFLICTED" in a post on Truth Social and called for his immediate resignation . The president's post came after Sen. Tom Cotton, a Republican from Arkansas, sent a letter to Intel Chairman Frank Yeary on Tuesday expressing concern over Tan's investments and ties to Chinese businesses.

Cotton had pointed to Mr. Tan's recent role as CEO of Cadence Design Systems, which last week pleaded guilty t

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