US President Donald Trump demanded an immediate resignation of the CEO of Intel, Lip -bu Tan, and called him “highly conflicting”. Trump’s contribution to the Social Truth stressed that in his opinion, the ending of Tan’s leadership is the only solution.
Trump Flag National Risk Security
Sharp public reprimands sent early US trading with Intel’s shares by about 4 percent. The fall reflects a growing alarm among officials about Tan’s past business ties could endanger US national security.
According to reports, Tan began only as the CEO in March this year, in the middle of a wide effort to turn for chipmaker. At the beginning of the week, the Republican Senator Tom Cotton raised concerns in Intel President Frank Yeary about extensive ties to Tan to Chinese companies.
Reports show that Tan, or the risk funds it operates, invested at least $ 200 million in hundreds of Chinese advanced and smart companies between 2012 and $ 2024.
At least eight of them reported a connection with the Chinese or Communist party, which caused an alarm.
The history of Tan’s management is also under control. As a former CEO of Cadence Design Systems, he supervised operations when the company sold the Chip tools designed to the Chinese Military University, an act that recently led to the blame of $ 140 million for violating exports.
Senator Cotton pointed out that the Board of Directors may not fully assess these risks before the Tan’s appointment. Intel, however, defended him, saying that both Tan and society continued to determine US national security.
Intel is now facing a risky balance. The company has long fought against opponents such as TSMC and NVIDIA, and relied on nearly $ 8 billion to finance chips and science to regain competitiveness.
Trump’s ultimatum and growing congress control cast shadow over his plans to build new American devices and tightening his production operations, this year began to push turnover strategies.
The market confidence is confused and national security concerns assembly, the next steps of Intel will be carefully monitored.
(Tagstotranslate) Intel
