A day after Intel ( INTC ) stock slid more than 3% following political calls for his resignation, CEO Lip-Bu Tan publicly defended his record and emphasized his commitment to U.S. national security.

The move indicates Tan is not stepping aside, despite pressure this week from U.S. President Donald Trump and Arkansas Senator Tom Cotton over Tan's past business ties to China.

"We are engaging with the Administration to address the matters that have been raised and ensure they have the facts," Tan said in a statement. "I fully share the President's commitment to advancing U.S. national and economic security, I appreciate his leadership to advance these priorities, and I'm proud to lead a company that is so central to these goals."

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