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Posted on 08/07/2025 3:09:18 PM PDT by E. Pluribus Unum
Summary
Aug 7 (Reuters) - U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon.
Reuters reported exclusively in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military.
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Trump's comments came a day after Reuters was first to report that Republican Senator Tom Cotton had sent a letter to Intel's board chair with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a post on his Truth Social platform.
Intel shares (INTC.O) closed down 3% on Thursday.
A leadership change could pile pressure on Intel, which is a pillar of U.S. efforts to boost domestic chipmaking. Last year, it secured $8 billion in subsidies, the largest outlay under the 2022 CHIPS Act, to build new factories in Ohio and other states.
Trump's intervention marked a rare instance of a U.S. president publicly calling for a CEO's ouster and sparked debate among investors.
"It would be setting a very unfortunate precedent. You don't want American presidents dictating who runs companies, but certainly his opinion has merit and..."
(Excerpt) Read more at reuters.com ...
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saboteur
...Intel announced Lip-Bu Tan as its new CEO in March [2025].
Tan was the CEO of Cadence Design Systems (CDNS) from 2009 to 2021. After serving on Intel’s board for two years, he left in August 2024 following clashes with Gelsinger over how to position the business.
Tan frequently pushed for a better artificial intelligence strategy to take on Nvidia and faster decision making at the notoriously bureaucratic Intel...
Tan will get to outline his strategy publicly — and detail how he will navigate Trump tariffs — when the company announces first quarter results on April 24 after the market close....—— via Yahoo finance, April 21, 2005
...Intel announced Lip-Bu Tan as its new CEO in March [2025].
Tan was the CEO of Cadence Design Systems (CDNS) from 2009 to 2021. After serving on Intel’s board for two years, he left in August 2024 following clashes with Gelsinger over how to position the business.
Tan frequently pushed for a better artificial intelligence strategy to take on Nvidia and faster decision making at the notoriously bureaucratic Intel...
Tan will get to outline his strategy publicly — and detail how he will navigate Trump tariffs — when the company announces first quarter results on April 24 after the market close....—— via Yahoo finance, April 21, 2025
Trump gets to decide who is approved as CEO of a company?
Seems wrong to me. Would we want progressives doing that?
Who’s paying for it?
Good question! (Touché)
Paying for what?
The have DoD contracts.
ONLY IF the CEO has ties to CCP.
Trump gets to decide who is approved as CEO of a company?
—
Well. the CCP and the PLA certainly approve of the man. Therefore, he should remain CEO of Intel, right?
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