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The
attack from Trump came 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. Cotton asked Intel if Tan had divested from the
companies to eliminate any potential conflict of interest.
Trump said on the Truth Social platform Thursday 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!”
Tan was named Intel CEO in March and it is unclear if he has
divested his interests in the chip companies.
Tan said in a message to employees that there was misinformation
circulating about his past roles at Walden International and
Cadence Design Systems and said that he'd “always operated
within the highest legal and ethical standards.”
After a Monday meeting with Tan at the White House, Trump backed
off his demand that Tan resign without hesitation.
“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of
Commerce, Howard Lutnick, and Secretary of the Treasury, Scott
Bessent,” Trump wrote in a Truth Social post. “The meeting was a
very interesting one. His success and rise is an amazing story.
Mr. Tan and my Cabinet members are going to spend time together,
and bring suggestions to me during the next week. Thank you for
your attention to this matter!”
Shares of Intel gained 3.5% Tuesday
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.
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