Overview

• President Trump posted on Truth Social that Tan is “highly CONFLICTED” and must resign immediately over alleged conflicts of interest tied to Chinese military-linked investments.
• Senator Tom Cotton wrote to Intel’s board chair on August 6 questioning Tan’s ties to Communist Party–linked tech firms and demanding disclosure of any undisclosed investments by August 15.
• A Reuters investigation found that Tan invested more than $200 million in hundreds of Chinese tech and chip companies between 2012 and 2024, including some associated with China’s military and state entities.
• Intel issued a statement affirming Tan’s and the board’s deep commitment to US national security and said it will submit a formal response to lawmakers’ questions by the mid-August deadline.
• Intel’s shares fell as much as 5% in premarket trading after Trump’s call, extending pressure on the CHIPS Act’s largest grant recipient during the push to revitalize domestic semiconductor manufacturing.