Four former Intel board members are backing President Donald Trump’s surprise attack on the company’s CEO, but they’re pushing for a shake-up that is both more dramatic and wholly in line with their vocal criticism of late .
In a rare collective statement provided exclusively to Fortune , the former directors demanded the ouster of CEO Lip-Bu Tan and called for a radical restructuring that would spin off Intel’s manufacturing arm into an independent company to secure America’s chipmaking dominance.
Noting that this matter should rightly be decided by Intel’s current board and its shareholders, the group— Charlene Barshefsky , Reed Hundt , James Plummer , and David Yoffie ,—pointed out that the company is on its fourth CEO in seven years with little improvement in results.