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* Donald Trump called on Intel CEO Lip-Bu Tan to resign over China-linked investments. * Tan told employees he's staying and operating with the "highest legal and ethical standards." * Intel stock fell 3% as political pressure mounted over Tan's past business ties. Intel CEO Lip-Bu Tan directly addressed employees on Thursday after Donald Trump demanded his resignation over national security concerns, saying he has the full support of the board. In a companywide email, published on Intel's blog Thursday, Tan defended his integrity and reaffirmed his commitment to leading the largest US chipmaker through a critical transformation. "The United...

Summary Trump says CEO of Intel is highly "conflicted" and must resign Trump's demand marks rare presidential intervention in corporate leadership Reuters in April exclusively reported on Tan's Chinese investments Intel shares close down 3% 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...

Now that Pat Gelsinger is no longer occupying the corner office at embattled chipmaker Intel (INTC), he can acknowledge one thing about the semiconductor industry.Nvidia (NVDA) has a wide, wide lead over its rivals on the tech front..."They have built meaningful moats around their franchise," he added.Gelsinger led aggressive efforts to turn around Intel for more than three years. He slashed thousands of jobs, improved costs, secured CHIPS Act funding, built chip foundries, and promised fast AI chips that could compete with Nvidia and AMD (AMD).He was fired in early December amid missed financial targets, lack of progress on the...