Trump Calls for Intel CEO's Resignation Amid Conflict of Interest and National Security Concerns

Intel shares drop 3.8% in premarket trading following Trump's statement urging the CEO of Intel, Lip-Bu Tan, to resign immediately due to conflicts of interest and ties to Chinese firms, specifically investments in Chinese companies linked to the military. The CEO had invested over $200 million in Chinese advanced manufacturing and chip firms. In response, Lip-Bu Tan expressed full support for the President's commitment to advancing U.S. national and economic security and mentioned engaging with the administration to address the raised matters. The board is fully supportive of the company's transformation efforts. Intel has not yet responded to the request for comment.

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Hanna0207

08-07

Wtf this is getting ridiculous. White House soap opera

Intel Shares Drop After Trump Calls for CEO to Resign Immediately

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White House soap opera","listText":"Wtf this is getting ridiculous. White House soap opera","text":"Wtf this is getting ridiculous. White House soap opera","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/465090175824336","repostId":"1165772208","repostType":4,"repost":{"id":"1165772208","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1754567027,"share":"https://ttm.financial/m/news/1165772208?lang=&edition=fundamental","pubTime":"2025-08-07 19:43","market":"us","language":"en","title":"Intel Shares Drop After Trump Calls for CEO to Resign Immediately","url":"https://stock-news.laohu8.com/highlight/detail?id=1165772208","media":"Tiger Newspress","summary":"Intel Shares Slip 3% Premarket After Trump Says Intel CEO Is Highly Conflicted and Should Resign","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/INTC\">Intel</a> shares slipped Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.</p><p style=\"text-align: start;\">In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 2% lower.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4ff3c89038d46b1684904fe4b117666f\" tg-width=\"465\" tg-height=\"412\"/></p><p style=\"text-align: start;\">Intel did not immediately respond to a request for comment.</p><p style=\"text-align: start;\">Tan was named as Intel CEO in March as the chipmaker tried to rebound from declining sales under the stewardship of Pat Gelsinger.</p><p style=\"text-align: start;\">This week, Sen. Tom Cotton, R-Ark., questioned Tan’s ties to Chinese companies and referenced a past criminal case involving Cadence Design, where Tan was CEO until 2021.</p><p>Cotton wrote to Intel’s chair to “express concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security.”</p><p style=\"text-align: start;\">“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations,” Cotton wrote. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”</p><p style=\"text-align: start;\">Cotton asked whether the company required Tan to divest of positions in chipmakers linked to the Chinese Communist Party, the People’s Liberation Army and any other concerning entities in China.</p><p style=\"text-align: start;\">Tan has invested in a number of Chinese companies, including some linked to the country’s military, both directly or through venture funds, Reuters reported in April.</p><p style=\"text-align: start;\">Intel beat earnings expectations when it reported financials for the second quarter in July, but announced several spending cuts.</p><p style=\"text-align: start;\">In a memo, Tan announced cuts to the company’s costly foundry division, which makes chips for other companies and had an operating loss of $3.17 billion.</p><p style=\"text-align: start;\">The company canceled planned fab projects in Germany and Poland, and consolidated testing and assembly operations in Vietnam and Malaysia. Tan also said Intel would slow construction of a chip factory in Ohio.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Shares Drop After Trump Calls for CEO to Resign Immediately</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Shares Drop After Trump Calls for CEO to Resign Immediately\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-08-07 19:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/INTC\">Intel</a> shares slipped Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.</p><p style=\"text-align: start;\">In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 2% lower.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4ff3c89038d46b1684904fe4b117666f\" tg-width=\"465\" tg-height=\"412\"/></p><p style=\"text-align: start;\">Intel did not immediately respond to a request for comment.</p><p style=\"text-align: start;\">Tan was named as Intel CEO in March as the chipmaker tried to rebound from declining sales under the stewardship of Pat Gelsinger.</p><p style=\"text-align: start;\">This week, Sen. Tom Cotton, R-Ark., questioned Tan’s ties to Chinese companies and referenced a past criminal case involving Cadence Design, where Tan was CEO until 2021.</p><p>Cotton wrote to Intel’s chair to “express concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security.”</p><p style=\"text-align: start;\">“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations,” Cotton wrote. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”</p><p style=\"text-align: start;\">Cotton asked whether the company required Tan to divest of positions in chipmakers linked to the Chinese Communist Party, the People’s Liberation Army and any other concerning entities in China.</p><p style=\"text-align: start;\">Tan has invested in a number of Chinese companies, including some linked to the country’s military, both directly or through venture funds, Reuters reported in April.</p><p style=\"text-align: start;\">Intel beat earnings expectations when it reported financials for the second quarter in July, but announced several spending cuts.</p><p style=\"text-align: start;\">In a memo, Tan announced cuts to the company’s costly foundry division, which makes chips for other companies and had an operating loss of $3.17 billion.</p><p style=\"text-align: start;\">The company canceled planned fab projects in Germany and Poland, and consolidated testing and assembly operations in Vietnam and Malaysia. Tan also said Intel would slow construction of a chip factory in Ohio.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165772208","content_text":"Intel shares slipped Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 2% lower.Intel did not immediately respond to a request for comment.Tan was named as Intel CEO in March as the chipmaker tried to rebound from declining sales under the stewardship of Pat Gelsinger.This week, Sen. Tom Cotton, R-Ark., questioned Tan’s ties to Chinese companies and referenced a past criminal case involving Cadence Design, where Tan was CEO until 2021.Cotton wrote to Intel’s chair to “express concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security.”“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations,” Cotton wrote. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”Cotton asked whether the company required Tan to divest of positions in chipmakers linked to the Chinese Communist Party, the People’s Liberation Army and any other concerning entities in China.Tan has invested in a number of Chinese companies, including some linked to the country’s military, both directly or through venture funds, Reuters reported in April.Intel beat earnings expectations when it reported financials for the second quarter in July, but announced several spending cuts.In a memo, Tan announced cuts to the company’s costly foundry division, which makes chips for other companies and had an operating loss of $3.17 billion.The company canceled planned fab projects in Germany and Poland, and consolidated testing and assembly operations in Vietnam and Malaysia. Tan also said Intel would slow construction of a chip factory in Ohio.","news_type":1,"symbols_score_info":{"INTC":1.1}},"isVote":1,"tweetType":1,"viewCount":1107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}