Former US President Donald Trump has escalated his criticism of Intel CEO Lip-Bu Tan, demanding his resignation due to alleged financial connections with Chinese entities. The dispute stems from reports detailing Tan’s investments in numerous Chinese chip companies, some of which are believed to be associated with the Chinese military.
Trump’s actions indicate a heightened focus on the intersection of corporate dealings and national security, particularly concerning relationships with China. The scrutiny of Tan’s investments has resulted in a direct impact on Intel’s stock performance, with shares experiencing a notable downturn following Trump’s statements.
Lip-Bu Tan, the current CEO of Intel, also serves as the founder and chairman of Walden International. Prior to joining Intel, he held the position of CEO at Cadence Design Systems. Tan’s extensive experience in the technology sector includes leadership roles at companies like Hewlett Packard Enterprise and Schneider Electric. Trump’s move reflects a wider trend of political involvement in corporate governance and international trade.