Intel CEO Lip-Bu Tan spoke at the company’s annual manufacturing technology conference in San Jose, California, USA on April 29, 2025.
Laure Andillon | Reuters
Intel President’s stocks are under pressure on Thursday Donald Trump Call on the chipmaker’s CEO to resign immediately.
Trump says in a truth-clarifying social position Lip – This tan “Highly conflicting, you must resign immediately. There is no other solution to this problem.” Intel’s former market behind the position fell, with a 5% lower last deal.
Intel did not immediately respond to a request for comment.
INTC declines
Tan was named Intel in March as chipmakers tried to drop sales from Pat Gelsinger’s management.
This week, R-Ark. Senator Tom Cotton Rhythm designTan served as CEO until 2021, according to Reuters.
Cotton written to Intel’s chair “Concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security,” Reuters said.
“Intel must become the responsible steward of the U.S. taxpayer dollar and comply with applicable security regulations,” Cotton wrote. “Mr. Tan’s association raised questions about Intel’s ability to meet these obligations.”
Tan reported in April that Tan has invested in many Chinese companies, including some related to the country’s military, whether directly or through a venture fund.
Intel beat income Expectations were expected when reporting financials in the second quarter of July, but several expenditures were announced.
In a memorandum, Tan announced the reduction of the company’s expensive Foundry Division, which manufactures chips for other companies, has operating losses of US$3.17 billion.
The company canceled planned plant projects in Germany and Poland and conducted merger testing and assembly operations in Vietnam and Malaysia. Tan also said Intel will slow down the construction of a chip factory in Ohio.
