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On
Thursday Trump said on Truth Social platform that, “The CEO of
Intel is highly CONFLICTED and must resign, immediately. There
is no other solution to this problem. Thank you for your
attention to this problem!”
Trump's post landed after Sen. Tom Cotton sent a letter to Intel
Chairman Frank Yeary expressing concern over Tan’s investments
and ties to semiconductor firms that are reportedly linked to
the Chinese Communist Party and the People’s Liberation Army,
and asked the board whether Tan had divested his interests in
these companies to eliminate any conflicts of interest.
It was not immediately clear on Thursday if Tan, who took over
as Intel’s CEO in March, had divested his interests in the
companies.
The economic and political rivalry between the U.S. and China
are increasingly focused on computer chips, AI and other digital
technologies that are expected to shape future economies and
military conflicts.
Intel said in a statement that it’s “deeply committed to
advancing U.S. national and economic security interests and are
making significant investments aligned with the President’s
America First agenda.”
Tan also addressed the situation, saying in a message to
employees that there was misinformation circulating about his
past roles at Walden International and Cadence Design Systems
and that he's always followed proper standards.
Tan also said Intel was in contact with the Trump
administration.
“We are engaging with the Administration to address the matters
that have been raised and ensure they have the facts,” Tan said.
“I fully share the President’s commitment to advancing U.S.
national and economic security, I appreciate his leadership to
advance these priorities, and I’m proud to lead a company that
is so central to these goals.”.
The company's stock rose slightly in premarket trading on
Friday.
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