President Trump has demanded that Intel CEO Lip -Bu Tan step down at once because he is highly conflicted, especially because he has been reported to have made investments in Chinese semiconductor companies with some being linked to the Chinese military and the Communist Party.
The mounting pressure has been added by Senator Tom Cotton, writing a letter to the chair of the Intel board with concerns of national security implications, and a demand that Tan clarify whether he sold those holdings.
Market Reaction:
These developments adversely affected the share price of Intel:
Some time after Trump posted, stock fell by 2%.
Declines as reported elsewhere are between 3% and more than 3.5% depending on the source and trading session.
Background - Who is Lip-Bu Tan?
Tan was made the CEO of Intel in March 2025, succeeding interim co-CEOs (who replaced Pat Gelsinger, who left in December 2024).
His former position was that of CEO at Cadence Design Systems which recently struck a plea agreement to illegally exporting technology to a Chinese military affiliated university, a time coinciding with Tan in charge.
Please tell me whether you want to know more about Tan investment, court cases with Cadence, or response of the Intel head.
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