Topline
President Donald Trump on Thursday urged Intel CEO Lip-Bu Tan to resign “immediately,” lowering Intel’s stock in premarket trading after Sen. Tom Cotton, R-Ark., questioned the company over Tan’s ties to Chinese firms.
Republican Sen. Tom Cotton wrote a letter to Intel’s board with questions about CEO Lip-Bu Tan’s ties to Chinese firms.
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Key Facts
“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote on Truth Social, adding, “There is no other solution to this problem.”
Intel did not immediately respond to a request for comment.
This is a developing story.