President Trump says Intel’s new CEO “must resign immediately”

Donald Trump has called for the newly appointed chief executive of Intel, Lip-Bu Tan, to resign, alleging that the semiconductor industry veteran is “highly conflicted.”

“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump said in his post on his Truth Social website on Thursday. “There is no other solution to this problem.”

The US president’s post did not provide details of Tan’s alleged conflicts of interest. Trump’s broadside follows a letter from Republican Senator Tom Cotton to the US chipmaker’s board chair this week expressing “concern about the security and integrity of Intel’s operations” and Tan’s ties to China.

Tan has been a prolific investor in Chinese tech companies, through his San Francisco-based venture capital firm as well as companies based in Hong Kong. His past investments have included Semiconductor Manufacturing International Corp, China’s largest chip manufacturer.

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