Four former Intel Board members support those of President Donald Trump Surprise attack On the company’s CEO, but they push for a grant that corresponds to both dramatic and completely in accordance with their Voice criticism lately.
In a rare collective explanation exclusively too AssetsThe former directors called for the fall of the CEO LIP-BU TAN and called for a radical restructuring that would penetrate the Intel manufacturing arm into an independent company in order to secure the dominance of chipmaking macking in America.
In recognition that this matter should rightly be decided by the current board of Intel and its shareholders, the group – Charlene BarschefskyPresent Reed HundtPresent James PlummerAnd David Yoffie– Points that the company will be in seven years with a low improvement of the results with its fourth CEO. They argued that only a dramatic break could restore the competitiveness of Intel, and they argued for the special treatment of Intels
“Foundry” business, manufacturing, produces semiconductor chips from the Intel for its own products and for third -party customers. These advanced chip manufacturing facilities are always first class for President Donald Trump, his Chinese counterpart Xi Jinping and the entire tech industry, which observes the drama when the drama is unfolded.
Intel has been the leader in chips for a long time, but has fallen behind Nvidia, TSMC and other players in recent years, as a barnefsky, dog, plummer and Yoffie on the pages of argumented Assets. Intel has two main business, one is the foundry and the other that is simply called Intel productsincluding the flagship -PC and server microprocessors as well as network devices and software. Both are essential for the computer, but only the foundry is the key to national security, which was a crucial point in the trade talks between Trump and XI. The former group of directors argued that the division of the Chip production company from the rest of Intel would deal with both the market competition and the strategic need of the nation in advanced semiconductors.
In order to make the new manufacturing company competitive with TSMC, the former directors called for the remaining funds according to the chips act to acquire the manufacturing capacity of Intel and the creation of a new, independent manufacturing unit, since this would “persuade American design companies to provide orders. This would position the new company so that they can provide an alternative to TSMC:” Chips that are required for the data center and other commercial purposes as well as for national security requirements ”.
Assembly pressure
The statement comes when the pressure is reinforced on Intel, After President Donald Trump had called public For the resignation of CEO LIP-BU TAN about his “conflict” status and the alleged connections to Chinese technology companies. Trump’s demand, published on Thursday morning, sent shock waves through US Tech circles and pulled quick answers from the company.
Tan replied in a letter to the employees Published publicly on the Intel websiteHe claimed that there had been “misinformation” about his career and his former leadership roles. The competitive CEO said that Intel “committed” to Trump’s white house to “tackle the matters mentioned and to ensure that they have the facts”. He added that he fully shares the president’s commitment to the further development of the president’s national and economic security.
President Trump’s intervention was followed by Senator Tom Cotton’s warnings of reports on Tan’s earlier investments in Chinese companies that were supposedly connected to China’s military. Trump’s demand for an immediate CEO change provoked a decline in the Intel shares on Thursday Nvidia and amd.
In his note to the employees on Thursday, Tan defended his integrity and claimed that the current board was “fully supported” for the currently integrated work, while he insisted that in his four decades he was “always operated in the highest legal and ethical standards”.
Intel did not immediately answer a request for comments.
In an earlier explanation AssetsHowever, the company pushed back the criticism and said that his board and CEO Lip-Bu Tan were “deeply determined to promote the national and economic security interests of the US and economic security” and “significant investments in harmony with the first agenda of the president of the president”.
Intel found that it has been manufactured in the United States for 56 years and invests billions of dollars in national semiconductors research and the and manufacture, including a new factory in Arizona, which runs the most advanced process technology in the country. The company added that it was “the only company that invested in the logic process node development in the USA” and said that it was looking forward to “continued involvement with the administration”.
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